Getty Realty (NYSE:GTY – Get Free Report)‘s stock had its “market outperform” rating restated by research analysts at Citizens Jmp in a report issued on Tuesday, Benzinga reports. They presently have a $39.00 price target on the real estate investment trust’s stock. Citizens Jmp’s price target points to a potential upside of 19.86% from the company’s previous close.
GTY has been the topic of several other reports. KeyCorp upped their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada boosted their price target on shares of Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, July 24th. Huntington began coverage on shares of Getty Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price target on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Getty Realty in a report on Tuesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Getty Realty in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Getty Realty currently has a consensus rating of “Moderate Buy” and an average target price of $35.29.
View Our Latest Research Report on GTY
Getty Realty Trading Down 1.0%
Getty Realty (NYSE:GTY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $59.05 million for the quarter, compared to analysts’ expectations of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The firm’s revenue was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Sell-side analysts expect that Getty Realty will post 2.45 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in GTY. BlackRock Inc. bought a new position in shares of Getty Realty in the second quarter worth $344,815,000. California State Teachers Retirement System raised its position in shares of Getty Realty by 2,889.5% in the second quarter. California State Teachers Retirement System now owns 2,123,231 shares of the real estate investment trust’s stock worth $70,831,000 after buying an additional 2,052,208 shares in the last quarter. Bank of America Corp DE bought a new stake in Getty Realty during the second quarter valued at $25,120,000. Fidelity National Financial Inc. bought a new stake in Getty Realty during the second quarter valued at $20,089,000. Finally, Bank of New York Mellon Corp purchased a new position in Getty Realty during the second quarter worth about $16,707,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.
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.
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