Getty Realty (NYSE:GTY) Price Target Raised to $36.00

Getty Realty (NYSE:GTYGet Free Report) had its target price increased by analysts at Royal Bank Of Canada from $35.00 to $36.00 in a report issued on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 3.31% from the stock’s previous close.

Several other brokerages have also issued reports on GTY. Citizens Jmp lifted their target price on shares of Getty Realty from $35.00 to $39.00 and gave the company a “market outperform” rating in a research report on Thursday. Robert W. Baird raised their price objective on shares of Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday. Citigroup reaffirmed an “outperform” rating on shares of Getty Realty in a report on Thursday. KeyCorp upped 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, Huntington started coverage on Getty Realty in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.29.

Read Our Latest Analysis on GTY

Getty Realty Price Performance

Shares of GTY stock traded up $0.14 on Friday, reaching $34.84. The company’s stock had a trading volume of 72,030 shares, compared to its average volume of 506,274. The company has a market capitalization of $2.11 billion, a P/E ratio of 21.25, a PEG ratio of 2.95 and a beta of 0.72. Getty Realty has a 12-month low of $25.39 and a 12-month high of $36.83. The stock’s 50 day simple moving average is $33.69 and its 200-day simple moving average is $32.57. 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 (NYSE:GTYGet Free Report) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a return on equity of 9.41% and a net margin of 42.74%.The business had revenue of $59.05 million for the quarter, compared to analysts’ expectations of $58.45 million. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. As a group, equities analysts predict that Getty Realty will post 2.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in shares of Getty Realty during the first quarter valued at approximately $31,000. Newbridge Financial Services Group Inc. purchased a new position in Getty Realty during the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 1,159 shares in the last quarter. Avalon Trust Co purchased a new position in Getty Realty during the 1st quarter valued at about $38,000. Finally, Optiver Holding B.V. boosted its stake in Getty Realty by 380.2% during the first quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,232 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Key Getty Realty News

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.

Further Reading

Analyst Recommendations for Getty Realty (NYSE:GTY)

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