Huntington Begins Coverage on Getty Realty (NYSE:GTY)

Analysts at Huntington started coverage on shares of Getty Realty (NYSE:GTY) in a report released on Wednesday, MarketBeat reports. The firm set an “outperform” rating and a $37.00 price target on the real estate investment trust’s stock. Huntington’s price target suggests a potential upside of 2.72% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Robert W. Baird upped their price target on Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Citigroup reissued a “market outperform” rating on shares of Getty Realty in a report on Friday, June 12th. KeyCorp raised their price objective on Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $35.00 target price on shares of Getty Realty in a report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.17.

Getty Realty Stock Performance

Shares of GTY opened at $36.02 on Wednesday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. The company’s fifty day moving average is $33.39 and its 200-day moving average is $32.27. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.92. Getty Realty has a 12 month low of $25.39 and a 12 month high of $36.12.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.09. The business had revenue of $57.84 million during the quarter, compared to analyst estimates of $58.41 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. Getty Realty’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Equities analysts expect that Getty Realty will post 2.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Getty Realty

A number of hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new position in shares of Getty Realty in the fourth quarter worth about $29,000. Advisors Asset Management Inc. bought a new stake in Getty Realty during the 1st quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its stake in Getty Realty by 3,996.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,159 shares during the period. Avalon Trust Co bought a new stake in Getty Realty during the 1st quarter valued at approximately $38,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Getty Realty by 36.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 418 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.