Getty Realty (NYSE:GTY) Announces Quarterly Earnings Results

Getty Realty (NYSE:GTYGet Free Report) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01), FiscalAI reports. The firm had revenue of $59.05 million during the quarter, compared to the consensus estimate of $58.45 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. Getty Realty’s revenue for the quarter was up 10.9% on a year-over-year basis. Getty Realty updated its FY 2026 guidance to 2.520-2.540 EPS.

Getty Realty Price Performance

GTY stock opened at $35.88 on Thursday. The firm has a market cap of $2.17 billion, a P/E ratio of 23.60, a P/E/G ratio of 3.02 and a beta of 0.72. The firm’s fifty day moving average is $33.65 and its 200 day moving average is $32.52. Getty Realty has a 52 week low of $25.39 and a 52 week high of $36.83. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.24 and a current ratio of 2.24.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.4%. Getty Realty’s dividend payout ratio is 127.63%.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on GTY

Institutional Trading of Getty Realty

Institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC grew its stake in shares of Getty Realty by 1.3% during the fourth quarter. Corient Private Wealth LLC now owns 97,967 shares of the real estate investment trust’s stock valued at $2,672,000 after buying an additional 1,253 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Getty Realty during the 4th quarter valued at about $429,000. VARCOV Co. purchased a new stake in Getty Realty during the 4th quarter valued at about $733,000. Voloridge Investment Management LLC grew its position in Getty Realty by 16.1% during the 4th quarter. Voloridge Investment Management LLC now owns 191,577 shares of the real estate investment trust’s stock worth $5,243,000 after acquiring an additional 26,564 shares during the last quarter. Finally, Virtus Investment Advisers LLC bought a new position in Getty Realty during the 4th quarter worth approximately $158,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty News Roundup

Here are the key news stories impacting Getty Realty this week:

About Getty Realty

(Get Free Report)

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.

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Earnings History for Getty Realty (NYSE:GTY)

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