Getty Realty (NYSE:GTY) Sets New 12-Month High Following Dividend Announcement

Getty Realty Corporation (NYSE:GTY) hit a new 52-week high on Tuesday following a dividend announcement from the company. The stock traded as high as $36.67 and last traded at $36.1010, with a volume of 448521 shares trading hands. The stock had previously closed at $36.25.

The newly announced dividend which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.4%. Getty Realty’s payout ratio is currently 127.63%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GTY shares. KeyCorp upped their price target 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. 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. Citigroup restated a “market outperform” rating on shares of Getty Realty in a research report on Friday, June 12th. Huntington began coverage on Getty Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price on the stock. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $35.00 price target on shares of Getty Realty in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.17.

Getty Realty Trading Down 2.0%

The stock has a market capitalization of $2.17 billion, a P/E ratio of 23.60, a PEG ratio of 3.02 and a beta of 0.72. The stock’s fifty day moving average price is $33.65 and its 200 day moving average price is $32.52. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.24 and a quick ratio of 2.24.

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 for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $57.84 million during the quarter, compared to analyst estimates of $58.41 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. Research analysts forecast that Getty Realty Corporation will post 2.42 earnings per share for the current year.

Getty Realty News Summary

Here are the key news stories impacting Getty Realty this week:

• Positive Sentiment: Getty Realty raised its FY 2026 EPS guidance to 2.520-2.540, above the consensus estimate of 2.420, signaling management expects improved performance in the second half of the year. Article Title
• Positive Sentiment: The company also reported strong operating momentum and completed $172 million in year-to-date investment activity, which could support future growth. Article Title
• Neutral Sentiment: The board declared a quarterly dividend of $0.485 per share, reinforcing the stock’s income profile for shareholders. Article Title
• Negative Sentiment: Second-quarter FFO of $0.62 per share missed the Zacks estimate of $0.63, and adjusted earnings also came in slightly below expectations, which likely pressured the stock. Article Title

Institutional Trading of Getty Realty

A number of large investors have recently modified their holdings of GTY. Newbridge Financial Services Group Inc. purchased a new position in shares of Getty Realty in the 4th quarter worth approximately $29,000. Advisors Asset Management Inc. purchased a new stake in Getty Realty in the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its stake in shares of Getty Realty by 3,996.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,159 shares during the period. Avalon Trust Co acquired a new stake in Getty Realty during the 1st quarter worth about $38,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Getty Realty by 36.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 418 shares during the period. Hedge funds and other institutional investors 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.