Getty Realty (NYSE:GTY) Sets New 12-Month High – Still a Buy?

Getty Realty Corporation (NYSE:GTY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.95 and last traded at $34.9450, with a volume of 11306 shares changing hands. The stock had previously closed at $34.46.

Analysts Set New Price Targets

Several analysts have recently commented on GTY shares. Citigroup restated a “market outperform” rating on shares of Getty Realty in a research report on Friday, June 12th. Robert W. Baird increased 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. KeyCorp raised their price target on Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $35.00 price objective on shares of Getty Realty in a research note on Friday, April 24th. Finally, Huntington initiated coverage on Getty Realty in a research note on Wednesday. They set an “outperform” rating and a $37.00 target price on the stock. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Getty Realty presently has a consensus rating of “Moderate Buy” and an average target price of $34.17.

Getty Realty Stock Performance

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. The stock has a market cap of $2.18 billion, a PE ratio of 23.70, a P/E/G ratio of 2.84 and a beta of 0.72. The business’s 50-day moving average price is $33.39 and its 200-day moving average price is $32.27.

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

Getty Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.94 dividend on an annualized basis and a yield of 5.4%. Getty Realty’s payout ratio is currently 127.63%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in Getty Realty during the fourth quarter valued at approximately $29,000. Advisors Asset Management Inc. purchased a new stake in Getty Realty during the first quarter worth $31,000. EverSource Wealth Advisors LLC boosted its holdings in Getty Realty by 3,996.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,159 shares in the last quarter. Avalon Trust Co acquired a new stake in Getty Realty during the first quarter valued at $38,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Getty Realty by 36.2% during the fourth 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 period. 85.11% of the stock is owned by institutional investors and hedge funds.

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.