Getty Realty (NYSE:GTY) Sets New 12-Month High After Dividend Announcement

Getty Realty Corporation (NYSE:GTY)’s stock price hit a new 52-week high during trading on Tuesday after the company announced a dividend. The company traded as high as $36.67 and last traded at $36.1010, with a volume of 448521 shares trading hands. The stock had previously closed at $36.25.

The newly announced 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 dividend on an annualized basis and a yield of 5.4%. Getty Realty’s dividend payout ratio is presently 127.63%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GTY. Huntington assumed coverage on shares of Getty Realty in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 target price for the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $35.00 price objective on shares of Getty Realty in a report on Friday, April 24th. KeyCorp raised their price objective on Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Getty Realty in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.17.

Getty Realty Trading Down 2.0%

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 3.02 and a beta of 0.72. The company has a fifty day moving average price of $33.65 and a 200-day moving average price of $32.52.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.34 by $0.09. The firm had revenue of $57.84 million for the quarter, compared to analyst estimates of $58.41 million. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.Getty Realty’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. As a group, research analysts expect that Getty Realty Corporation will post 2.42 EPS for the current year.

Key Getty Realty News

Here are the key news stories impacting Getty Realty this week:

• Positive Sentiment: Getty Realty raised its FY 2026 EPS guidance to 2.520-2.540, above the consensus estimate of 2.420, signaling management expects improved performance in the second half of the year. Article Title
• Positive Sentiment: The company also reported strong operating momentum and completed $172 million in year-to-date investment activity, which could support future growth. Article Title
• Neutral Sentiment: The board declared a quarterly dividend of $0.485 per share, reinforcing the stock’s income profile for shareholders. Article Title
• Negative Sentiment: Second-quarter FFO of $0.62 per share missed the Zacks estimate of $0.63, and adjusted earnings also came in slightly below expectations, which likely pressured the stock. Article Title

Hedge Funds Weigh In On Getty Realty

Institutional investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new stake in Getty Realty during the fourth quarter worth $29,000. Advisors Asset Management Inc. acquired a new position in shares of Getty Realty in the first quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its stake 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 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 during the 1st quarter valued at about $38,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Getty Realty by 36.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 418 shares during the period. 85.11% of the stock is owned by hedge funds and other 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.