Getty Realty Corporation (NYSE:GTY) Sees Significant Drop in Short Interest

Getty Realty Corporation (NYSE:GTY) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 3,439,466 shares, a decrease of 44.0% from the September 15th total of 6,147,202 shares. Currently, 6.0% of the company’s shares are sold short. Based on an average daily trading volume, of 839,977 shares, the short-interest ratio is presently 4.1 days.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GTY. Citigroup reiterated a “market outperform” rating on shares of Getty Realty in a research note on Wednesday, September 23rd. Royal Bank Of Canada boosted their target price on shares of Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, July 24th. Huntington began coverage on shares of Getty Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price on the stock. Robert W. Baird raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of Getty Realty in a report on Wednesday, September 23rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.75.

Getty Realty Stock Up 1.4%

Shares of NYSE:GTY traded up $0.40 during trading on Thursday, reaching $28.31. 482,283 shares of the stock were exchanged, compared to its average volume of 537,515. Getty Realty has a 1-year low of $26.44 and a 1-year high of $36.83. The stock has a fifty day moving average of $31.00 and a two-hundred day moving average of $32.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 2.06 and a beta of 0.72.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $59.05 million during 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%. Getty Realty’s quarterly revenue was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Research analysts anticipate that Getty Realty will post 2.45 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 24th were issued a $0.4850 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Thursday, September 24th. Getty Realty’s dividend payout ratio is currently 118.29%.

Hedge Funds Weigh In On Getty Realty

Several large investors have recently added to or reduced their stakes in GTY. Avalon Trust Co acquired a new position in Getty Realty during the 1st quarter valued at about $38,000. Global Retirement Partners LLC purchased a new stake in shares of Getty Realty in the second quarter worth approximately $43,000. Optiver Holding B.V. raised its stake in shares of Getty Realty by 380.2% in the first quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,232 shares during the last quarter. Nykredit A S purchased a new stake in shares of Getty Realty in the second quarter worth approximately $52,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Getty Realty in the second quarter valued at approximately $67,000. Institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile

Getty Realty Corp. (NYSE:GTY) is a real estate investment trust that owns, leases and develops properties used primarily for convenience stores, gasoline stations and automotive service businesses. The company’s portfolio also includes properties supporting car washes, quick-service restaurants and other automotive-related activities.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are responsible for many property-level expenses such as taxes, insurance and maintenance.