Getty Realty (NYSE:GTY) Reaches New 1-Year High – Should You Buy?

Getty Realty Corporation (NYSE:GTY) shares hit a new 52-week high on Tuesday . The company traded as high as $34.83 and last traded at $34.90, with a volume of 38761 shares changing hands. The stock had previously closed at $34.00.

Analyst Ratings Changes

GTY has been the topic of a number of research analyst reports. 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 note on Thursday, May 14th. UBS Group boosted their price target on Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $35.00 price objective on shares of Getty Realty in a research note on Friday, April 24th. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Robert W. Baird upped their target price on Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Getty Realty currently has an average rating of “Moderate Buy” and an average target price of $33.60.

Getty Realty Trading Up 1.5%

The stock has a market capitalization of $2.09 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.83 and a beta of 0.72. The stock’s 50 day moving average price is $33.15 and its 200-day moving average price is $31.90. 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:GTY) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.The company had revenue of $57.84 million during the quarter, compared to analyst estimates of $58.41 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. Getty Realty’s revenue was up 10.5% on a year-over-year basis. 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 year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.94 dividend on an annualized basis and a yield of 5.6%. Getty Realty’s dividend payout ratio (DPR) is presently 127.63%.

Hedge Funds Weigh In On Getty Realty

A number of large investors have recently added to or reduced their stakes in GTY. Newbridge Financial Services Group Inc. purchased a new position in shares of Getty Realty in the 4th quarter worth approximately $29,000. Advisors Asset Management Inc. acquired a new stake in Getty Realty in the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its stake in 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 valued at $33,000 after acquiring an additional 1,159 shares in the last quarter. Avalon Trust Co purchased a new position in Getty Realty in the first quarter worth $38,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of 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 worth $43,000 after purchasing an additional 418 shares in the last quarter. 85.11% of the stock is currently 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.