Brokerages Set Getty Realty Corporation (NYSE:GTY) Price Target at $35.29

Getty Realty Corporation (NYSE:GTY) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $35.2857.

Several analysts have commented on GTY shares. Citigroup reaffirmed a “market outperform” rating on shares of Getty Realty in a research note on Tuesday, September 1st. Royal Bank Of Canada upped their target price on Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Weiss Ratings raised Getty Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Citizens Jmp restated a “market outperform” rating and issued a $39.00 price target on shares of Getty Realty in a report on Tuesday, September 1st. Finally, Robert W. Baird increased their price objective on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new position in Getty Realty during the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its position in shares of Getty Realty by 3,996.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,159 shares in the last quarter. Avalon Trust Co acquired a new stake in shares of Getty Realty in the first quarter worth $38,000. Global Retirement Partners LLC purchased a new position in shares of Getty Realty in the 2nd quarter valued at $43,000. Finally, Danske Bank A S purchased a new position in shares of Getty Realty in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Performance

NYSE GTY opened at $32.26 on Friday. Getty Realty has a fifty-two week low of $25.39 and a fifty-two week high of $36.83. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. The business has a fifty day moving average of $33.73 and a 200-day moving average of $33.32. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $59.05 million for the quarter, compared to analyst estimates of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The firm’s quarterly revenue 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, analysts predict that Getty Realty will post 2.45 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 annualized dividend and a yield of 6.0%. Getty Realty’s dividend payout ratio is 118.29%.

About Getty Realty

Getty Realty Corp. (NYSE: GTY) is a real estate investment trust that owns, leases and develops convenience store and automotive service properties. The company primarily invests in properties operated by convenience stores, gas stations, automotive repair businesses, car washes, tire and service centers, and other automotive-related retailers.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property taxes, insurance, maintenance and other operating costs.