Getty Realty Corporation (NYSE:GTY) Given Average Rating of “Hold” by Analysts

Shares of Getty Realty Corporation (NYSE:GTY) have earned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $33.00.

Several research analysts have commented on GTY shares. UBS Group raised their price target on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Weiss Ratings downgraded shares of Getty Realty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Robert W. Baird raised their price target on shares of Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, 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.

Getty Realty Stock Down 0.0%

Shares of NYSE:GTY opened at $33.01 on Monday. The firm has a fifty day moving average price of $33.08 and a two-hundred day moving average price of $30.38. 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 one year low of $25.39 and a one year high of $34.75. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 2.75 and a beta of 0.75.

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

Getty Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be issued a $0.485 dividend. 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 presently 127.63%.

Institutional Trading of Getty Realty

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Getty Realty by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock worth $232,343,000 after acquiring an additional 102,670 shares during the last quarter. State Street Corp lifted its holdings in shares of Getty Realty by 1.5% during the 4th quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust’s stock worth $112,262,000 after acquiring an additional 60,137 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Getty Realty by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust’s stock worth $40,318,000 after acquiring an additional 28,155 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Getty Realty by 42.3% during the 3rd quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock worth $30,651,000 after acquiring an additional 339,388 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Getty Realty by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 858,566 shares of the real estate investment trust’s stock valued at $23,499,000 after buying an additional 47,800 shares in the last quarter. 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.