Getty Realty: Profitable, Solvent, And Undervalued
Getty Realty is a net-lease REIT with a well-diversified portfolio of properties, high occupancy, and a solid tenant base. The REIT maintains a BBB- rating with manageable debt levels and high liquidity, ensuring financial flexibility and stability even in fluctuating interest rate environments. Despite some risks, GTY stock is undervalued, offering a high dividend yield which is supported by stable cash flows.
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Getty Realty Corp.: A Single Tenant Retail REIT Offering Investors An Attractive Yield Of 5.97%
The company's strategic acquisitions and development activities have strengthened its portfolio, but investors should be aware of potential risks and headwinds. GTY's valuation is favorable compared to its industry counterparts, with a lower P/E ratio and stronger earnings growth. Getty Realty Corp. offers a 5.97% dividend yield, higher than peers like Realty Income Corp. and Kimco Realty Corp.
Getty Realty (GTY) Q2 FFO and Revenues Beat Estimates
Getty Realty (GTY) came out with quarterly funds from operations (FFO) of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to FFO of $0.56 per share a year ago.
Getty Realty: Consistent Growth At A Cheap Multiple
Getty Realty's fundamentals and market price have diverged, with AFFO/share growing consistently while the market price has fallen, making the stock materially undervalued. The implied cap rate and AFFO multiple undervalue Getty's reliability and growth potential, with a clear runway for steady earnings growth. Getty's focus on automotive-related properties, strong tenant rent coverage, and clean underwriting process set it up for long-term growth and potential capital gains.
Getty Realty Is Getting Risky - The Good And The Bad
Getty Realty is a triple-net lease REIT focused on service-oriented properties. The Company has some impressive business metrics in terms of occupancy rate, rent escalations, and WALT. There are some noticeable risks accompanying GTY (high tenant concentration and significant debt maturities upcoming in 2025/2026).
Getty Realty: Shares Can Be Attractive Even With Slower Investment
Getty Realty's shares have underperformed in the past year, but the company's business remains stable with strong debt coverage and long lease terms. The company reported solid Q1 results, with adjusted funds from operations beating expectations and revenue rising by 14%. Its lower share price does make accretive deal-making more difficult, but shares seem now positioned to deliver a 10+% return even absent new property acquisitions.
Amalgamated Bank Has $507,000 Stake in Getty Realty Corp. (NYSE:GTY)
Amalgamated Bank lessened its stake in shares of Getty Realty Corp. (NYSE:GTY – Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,358 shares of the real estate investment trust’s stock after selling 642 shares during the period. Amalgamated Bank’s holdings in Getty Realty were worth $507,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also bought and sold shares of GTY. Commonwealth Equity Services LLC raised its holdings in shares of Getty Realty by 16.8% during the third quarter. Commonwealth Equity Services LLC now owns 10,230 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 1,469 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Getty Realty by 12.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,299 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 1,909 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Getty Realty by 6.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,491 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 613 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Getty Realty by 5.9% in the third quarter. Daiwa Securities Group Inc. now owns 14,655 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 813 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Getty Realty by 6.4% during the third quarter. Nisa Investment Advisors LLC now owns 23,108 shares of the real estate investment trust’s stock valued at $641,000 after acquiring an additional 1,380 shares in the last quarter. 85.11% of the stock is owned by institutional investors. Getty Realty Stock Down 0.1 % Shares of NYSE:GTY opened at $28.45 on Monday. The business’s 50 day moving average is $27.20 and its 200 day moving average is $27.91. Getty Realty Corp. has a 12-month low of $25.90 and a 12-month high of $35.56. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 24.32 and a beta of 0.88. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.84. Getty Realty (NYSE:GTY – Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The firm had revenue of $48.97 million for the quarter, compared to analysts’ expectations of $46.63 million. Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, sell-side analysts forecast that Getty Realty Corp. will post 2.31 earnings per share for the current fiscal year. Getty Realty Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 27th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date is Thursday, June 27th. Getty Realty’s payout ratio is 153.85%. Analyst Ratings Changes Several analysts recently issued reports on the stock. StockNews.com raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. JMP Securities reiterated a “market outperform” rating and set a $33.00 price objective on shares of Getty Realty in a report on Monday, March 25th. Get Our Latest Analysis on GTY Getty Realty Profile (Free Report)
