Getty Realty (NYSE:GTY) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Getty Realty Corporation (NYSE:GTY)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.51 and traded as high as $32.99. Getty Realty shares last traded at $32.8010, with a volume of 517,952 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GTY shares. Robert W. Baird increased their target price on Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. KeyCorp boosted their target price on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. UBS Group upped their price target on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Weiss Ratings raised shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Citigroup reiterated a “market outperform” rating on shares of Getty Realty in a report on Friday, June 12th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.60.

Getty Realty Stock Performance

The company has a market cap of $2.05 billion, a P/E ratio of 22.30, a PEG ratio of 2.78 and a beta of 0.73. The firm has a 50 day moving average of $33.16 and a 200-day moving average of $31.59. 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 released its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $58.41 million. During the same period last year, the business posted $0.59 EPS. Getty Realty’s quarterly 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, sell-side analysts anticipate that Getty Realty Corporation will post 2.42 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.485 per share. The ex-dividend date is Thursday, June 25th. This represents a $1.94 annualized dividend and a dividend yield of 5.7%. Getty Realty’s dividend payout ratio (DPR) is currently 127.63%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management boosted its stake in shares of Getty Realty by 1,467.5% during the fourth quarter. LSV Asset Management now owns 233,563 shares of the real estate investment trust’s stock valued at $6,393,000 after purchasing an additional 218,663 shares in the last quarter. Vanguard Group Inc. increased its holdings in Getty Realty by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock valued at $232,343,000 after buying an additional 102,670 shares during the period. Pensionfund Sabic bought a new position in Getty Realty in the fourth quarter worth approximately $671,000. Cbre Investment Management Listed Real Assets LLC raised its stake in Getty Realty by 7.0% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 505,431 shares of the real estate investment trust’s stock worth $13,561,000 after buying an additional 32,924 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Getty Realty by 17.6% during the fourth quarter. Legal & General Group Plc now owns 368,845 shares of the real estate investment trust’s stock worth $10,095,000 after buying an additional 55,149 shares during the period. 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.