Getty Realty (NYSE:GTY) Sets New 52-Week High – Time to Buy?

Getty Realty Corporation (NYSE:GTY) shares reached a new 52-week high on Wednesday . The stock traded as high as $34.95 and last traded at $34.9450, with a volume of 11306 shares traded. The stock had previously closed at $34.46.

Analyst Upgrades and Downgrades

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

Getty Realty Price Performance

The stock’s 50-day moving average price is $33.30 and its 200 day moving average price is $32.16. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.84 and a beta of 0.72.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.09. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The company had revenue of $57.84 million during the quarter, compared to analysts’ expectations of $58.41 million. During the same quarter in the prior year, the company earned $0.59 EPS. Getty Realty’s revenue was up 10.5% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Equities research analysts expect that Getty Realty Corporation will post 2.42 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Thursday, June 25th. Getty Realty’s payout ratio is currently 127.63%.

Institutional Investors Weigh In On Getty Realty

A number of large investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of Getty Realty in the fourth quarter valued at approximately $29,000. Advisors Asset Management Inc. acquired a new position in Getty Realty during the first quarter worth $31,000. EverSource Wealth Advisors LLC boosted its stake in Getty Realty by 3,996.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,159 shares during the last quarter. Avalon Trust Co purchased a new stake in Getty Realty in the 1st quarter valued at $38,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Getty Realty by 36.2% in 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 buying an additional 418 shares in the last quarter. 85.11% of the stock is currently 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.