Getty Realty Corporation (NYSE:GTY) Receives $31.80 Consensus PT from Analysts

Getty Realty Corporation (NYSE:GTY) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $31.80.

A number of research analysts recently weighed in on the stock. Janney Montgomery Scott began coverage on shares of Getty Realty in a research report on Thursday, October 16th. They issued a “buy” rating and a $30.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th.

Getty Realty Stock Up 0.0%

Shares of Getty Realty stock opened at $27.34 on Tuesday. The firm has a market cap of $1.58 billion, a PE ratio of 21.36, a P/E/G ratio of 2.39 and a beta of 0.85. The business’s 50 day simple moving average is $27.99 and its 200 day simple moving average is $27.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.00 and a current ratio of 2.00. Getty Realty has a 52-week low of $25.39 and a 52-week high of $32.17.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $55.59 million during the quarter, compared to analysts’ expectations of $53.19 million. Getty Realty had a net margin of 34.76% and a return on equity of 7.60%. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. On average, analysts predict that Getty Realty will post 2.29 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Friday, December 26th will be given a dividend of $0.485 per share. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 26th. This represents a $1.94 annualized dividend and a dividend yield of 7.1%. Getty Realty’s payout ratio is presently 151.56%.

Hedge Funds Weigh In On Getty Realty

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of Getty Realty by 7.1% during the 1st quarter. American Century Companies Inc. now owns 17,382 shares of the real estate investment trust’s stock worth $542,000 after purchasing an additional 1,145 shares during the last quarter. Northern Trust Corp increased its position in Getty Realty by 4.2% during the 1st quarter. Northern Trust Corp now owns 753,057 shares of the real estate investment trust’s stock worth $23,480,000 after buying an additional 30,403 shares during the period. Ieq Capital LLC acquired a new stake in Getty Realty in the 1st quarter worth about $203,000. Quarry LP raised its position in shares of Getty Realty by 32.1% in the first quarter. Quarry LP now owns 3,706 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 900 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Getty Realty during the 1st quarter valued at $2,543,000. 85.11% of the stock is owned by institutional investors.

About Getty Realty

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.