Getty Realty (NYSE:GTY) Receives Overweight Rating from KeyCorp

by · The Markets Daily

Getty Realty (NYSE:GTY – Get Free Report)‘s stock had its “overweight” rating reissued by equities research analysts at KeyCorp in a note issued to investors on Thursday, Benzinga reports. They presently have a $36.00 price objective on the real estate investment trust’s stock. KeyCorp’s price target would suggest a potential upside of 24.35% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada boosted their price target on shares of Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Huntington began coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price objective for the company. Citizens Jmp reiterated a “market outperform” rating and set a $39.00 target price on shares of Getty Realty in a research note on Tuesday, September 1st. Citigroup reissued a “market outperform” rating on shares of Getty Realty in a report on Wednesday. Finally, Weiss Ratings upgraded Getty Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.75.

Check Out Our Latest Stock Analysis on Getty Realty

Getty Realty Price Performance

GTY stock opened at $28.95 on Thursday. The business has a fifty day moving average of $33.05 and a two-hundred day moving average of $33.16. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 2.60 and a beta of 0.72. Getty Realty has a 52-week low of $25.39 and a 52-week high of $36.83.

Getty Realty (NYSE:GTY – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The company had revenue of $59.05 million for the quarter, compared to analysts’ expectations of $58.45 million. The firm’s revenue was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. As a group, research analysts anticipate that Getty Realty will post 2.45 earnings per share for the current year.

Institutional Investors Weigh In On Getty Realty

A number of institutional investors and hedge funds have recently bought and sold shares of GTY. HB Wealth Management LLC boosted its holdings in Getty Realty by 3.1% during the second quarter. HB Wealth Management LLC now owns 10,329 shares of the real estate investment trust’s stock worth $345,000 after purchasing an additional 314 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Getty Realty by 3.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,560 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 400 shares during the last quarter. Allworth Financial LP lifted its position in shares of Getty Realty by 3.0% during the 2nd quarter. Allworth Financial LP now owns 20,308 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 590 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Getty Realty by 4.0% during the 2nd quarter. Arizona State Retirement System now owns 15,680 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 604 shares in the last quarter. Finally, Nissay Asset Management Corp Japan boosted its stake in shares of Getty Realty by 8.9% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 8,524 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 697 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Company Profile

(Get Free Report)

Getty Realty Corp. (NYSE: GTY) is a real estate investment trust that owns, leases and develops convenience store and automotive service properties. The company primarily invests in properties operated by convenience stores, gas stations, automotive repair businesses, car washes, tire and service centers, and other automotive-related retailers.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property taxes, insurance, maintenance and other operating costs.

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