Getty Realty (NYSE:GTY) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Getty Realty Corporation (NYSE:GTY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.16 and traded as high as $34.70. Getty Realty shares last traded at $34.4970, with a volume of 302,902 shares trading hands.

Analyst Upgrades and Downgrades

GTY has been the topic of a number of analyst reports. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $35.00 price objective on shares of Getty Realty in a report on Friday, April 24th. Robert W. Baird raised their target price on shares of Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Citigroup restated a “market outperform” rating on shares of Getty Realty in a report on Friday, June 12th. Finally, KeyCorp upped their price target on shares of 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 given a Hold rating to the company. According to data from MarketBeat, Getty Realty has a consensus rating of “Moderate Buy” and an average price target of $34.17.

Getty Realty Price Performance

The business has a fifty day moving average of $33.33 and a two-hundred day moving average of $32.21. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results 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 return on equity of 8.76% and a net margin of 40.06%.The business had revenue of $57.84 million during the quarter, compared to the consensus estimate of $58.41 million. During the same quarter last year, the firm posted $0.59 EPS. The company’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, research analysts predict that Getty Realty Corporation will post 2.42 EPS 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 paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Thursday, June 25th. Getty Realty’s dividend payout ratio (DPR) is currently 127.63%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its position in Getty Realty by 26.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 360 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Getty Realty by 3.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock valued at $333,000 after acquiring an additional 400 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Getty Realty by 36.2% in the fourth 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 in the last quarter. Chatham Capital Group Inc. grew its stake in shares of Getty Realty by 0.8% in the fourth quarter. Chatham Capital Group Inc. now owns 60,052 shares of the real estate investment trust’s stock valued at $1,644,000 after acquiring an additional 465 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Getty Realty by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 25,441 shares of the real estate investment trust’s stock valued at $703,000 after acquiring an additional 548 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

About Getty Realty

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.