Getty Realty Corporation (NYSE:GTY) Given Consensus Rating of “Moderate Buy” by Brokerages

Getty Realty Corporation (NYSE:GTY) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $33.60.

GTY has been the subject of a number of research reports. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $35.00 price target on shares of Getty Realty in a research note on Friday, April 24th. Robert W. Baird lifted their target price on shares of Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. KeyCorp lifted their target price on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, UBS Group lifted their target price on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th.

Getty Realty Stock Up 1.4%

NYSE GTY opened at $32.65 on Friday. The business has a fifty day moving average price of $33.00 and a two-hundred day moving average price of $31.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.24 and a quick ratio of 2.24. Getty Realty has a fifty-two week low of $25.39 and a fifty-two week high of $34.75. The stock has a market capitalization of $1.97 billion, a PE ratio of 21.48, a PEG ratio of 2.68 and a beta of 0.73.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.09. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.The firm had revenue of $57.84 million during the quarter, compared to analysts’ expectations of $58.41 million. During the same period in the prior year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Equities analysts expect that Getty Realty will post 2.4 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Thursday, June 25th. Getty Realty’s dividend payout ratio (DPR) is currently 127.63%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new position in Getty Realty during the 3rd quarter worth $27,000. Newbridge Financial Services Group Inc. bought a new position in Getty Realty during the 4th quarter worth $29,000. Advisors Asset Management Inc. bought a new position in Getty Realty during the 1st quarter worth $31,000. EverSource Wealth Advisors LLC raised its position 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 worth $33,000 after purchasing an additional 1,159 shares during the last quarter. Finally, Avalon Trust Co bought a new position in Getty Realty during the 1st quarter worth $38,000. 85.11% of the stock is 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.