Getty Realty Corp. Receives Average Rating of "Moderate Buy" from Analysts

Getty Realty Corp. (NYSE:GTY) has recently been rated with an average score of "Moderate Buy" by five analysts monitoring the stock, as reported by Marketbeat. Two analysts provided a hold recommendation, while three recommended buying the shares, which reflects a generally positive outlook among experts.

The average price target set by these brokerages for Getty Realty over the next year stands at $33.60, suggesting potential for price appreciation.

Analysts' Opinions on Getty Realty

Several analysts have publicly shared their opinions on GTY. For instance, JMP Securities reiterated a "market outperform" rating and set a price target of $34.00 for the stock in a report released on January 10th. Additionally, KeyCorp upgraded their rating from "sector weight" to "overweight," with a price target of $35.00 on December 17th. UBS Group has also commenced coverage on Getty Realty, assigning a neutral rating with a price objective of $32.00.

Stock Performance Overview

The stock of Getty Realty saw a minor decline of 0.1%, trading down by $0.02 to reach $30.55 during Friday’s session. Trading volume was recorded at 25,187 shares compared to the average volume of 333,605. Over the past year, the shares have fluctuated between a low of $25.70 and a high of $33.85. Currently, Getty Realty has a market capitalization of $1.68 billion, a price-to-earnings (P/E) ratio of 24.25, and a beta of 0.91. The moving averages indicate that the stock has a 50-day average of $30.81 and a 200-day average of $31.29.

Quarterly Earnings Report

Getty Realty recently released its quarterly earnings data on February 12th, reporting earnings of $0.60 per share (EPS) for the quarter. This result surpassed the analysts’ consensus estimate of $0.31 by $0.29. The company achieved a net margin of 34.94% and a return on equity of 7.43%. Looking ahead, analysts expect Getty Realty to report an EPS of 2.29 for the current fiscal year.

Dividend Announcement

The company has also declared a quarterly dividend, which is scheduled to be paid on April 10th. Shareholders on record as of March 27th will receive a dividend of $0.47 per share, representing an annualized dividend of $1.88 and a yield of 6.15%. It’s worth noting that Getty Realty's payout ratio currently stands at a high 149.21%, indicating that the dividend payments exceed the net income available to shareholders.

Institutional Investment Activity

In recent months, several institutional investors have adjusted their positions in Getty Realty. For example, Jane Street Group LLC increased its stake in the company by 149.1% in the third quarter, now owning 96,423 shares valued at approximately $3.07 million. Stifel Financial Corp enhanced its position by 79.9% during the same quarter, holding 198,761 shares worth around $6.32 million. Furthermore, Barclays PLC raised its ownership substantially by 409.6%, acquiring 103,121 shares valued at about $3.28 million.

Company Profile

Getty Realty Corp. is a leading real estate investment trust (REIT) that specializes in acquiring, leasing, and managing properties used in the automotive and convenience store sectors. The company focuses on strategic acquisitions and well-located properties to enhance its portfolio.

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