GTY

Getty Realty Corp
GTY

$31.66

0.13%

Market Cap: $1.72B

About: Getty Realty Corp is the real estate investment trust in the U.S. specializing in the acquisition, financing, and development of convenience, automotive, and other single tenant retail real estate. The company's portfolio includes convenience stores, car washes, automotive service centers (gasoline and repair, oil and maintenance, tire and battery, collision), automotive parts retailers, and certain other freestanding retail properties, including drive-thru quick service restaurants. It generates majority of the revenue in the form of rental income.

Employees: 32

Real Estate Real Estate

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

2,302% more call options, than puts

Call options by funds: $1.03M | Put options by funds: $43K

67% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 24

7% more funds holding

Funds holding: 216 [Q1] → 232 (+16) [Q2]

4% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 74

0.05% less ownership

Funds ownership: 78.2% [Q1] → 78.16% (-0.05%) [Q2]

3% less capital invested

Capital invested by funds: $1.16B [Q1] → $1.13B (-$29.6M) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$33

4%

upside

Avg. target

$33

4%

upside

High target

$33

4%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

JMP Securities

Mitch Germain

94% 1-year accuracy

31 / 33 met price target

4%upside

$33

Market Outperform

Maintained

25 Jul 2024

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Financial journalist opinion

2 Under-The-Radar Net Lease REITs: Where's The Love?

Postal Realty Trust is a net lease REIT focused on USPS properties, with a 6.2 million SF portfolio and growth potential through consolidation. Getty Realty specializes in convenience stores and automotive properties, with a 1,124-property portfolio, strong tenant coverage, and consistent growth. Both PSTL and GTY offer solid dividends, trade at discounts, and are rated as Buy opportunities for potential growth in the net lease REIT sector.

2 Under-The-Radar Net Lease REITs: Where's The Love?

The Motley Fool

Is This High-Yield Stock a Way for You to Copy Buffett's Latest Acquisition?

Pilot Travel Centers is now completely owned by Berkshire Hathaway. Getty Realty is a similar company that owns gas stations and convenience stores.

Is This High-Yield Stock a Way for You to Copy Buffett's Latest Acquisition?

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The 3 Best Stocks to Buy Doing Successful Secondary Offerings in 2024

The IPO (initial public offering) market has gotten stronger in 2024, according to the Q2 2024 quarterly review from IPO specialist Renaissance Capital. That has resulted in a more buoyant market for secondary offerings.

The 3 Best Stocks to Buy Doing Successful Secondary Offerings in 2024

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 Corp.: A Single Tenant Retail REIT Offering Investors An Attractive Yield Of 5.97%

Getty Realty Corp. Announces Pricing of Public Offering of 3,500,000 Shares of Common Stock

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (the “Company”) today announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock, sold on a forward basis in connection with the forward sale agreements described below, at a public offering price of $30.10 per share. The forward purchasers (or their affiliates) and the Company have also granted the underwriters of the offering a 30-day option to purchase up to an additional 525,000 shares of common stock. The offering is expected to close on July 31, 2024, subject to customary closing conditions.

Getty Realty Corp. Announces Pricing of Public Offering of 3,500,000 Shares of Common Stock

Soft Landing Secured

U.S. equity markets posted mixed performance while interest rates dipped to four-month lows as a lukewarm start to corporate earnings season and mixed economic data reinforced Fed rate cut expectations. Another twist in a wild month of politics, President Biden announced that he would not seek reelection, instead endorsing VP Harris, setting the stage for a more competitive November election. The S&P 500 slipped 0.8% on the week as the powerful "value rotation" trade extended into a third-week. The Small-Cap 600 rallied 3.6% while the mega-cap Nasdaq 100 dipped 2.6%.

Soft Landing Secured

Getty Realty Corp. (GTY) Q2 2024 Earnings Call Transcript

Getty Realty Corp. (NYSE:GTY ) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and Secretary Christopher Constant - President and Chief Executive Officer Mark Olear - Executive Vice President and Chief Operating Officer Brian Dickman - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Farrell Granath - Bank of America Brad Heffern - RBC Capital Markets Wes Golladay - Baird Akhil Guntupalli – J.P. Morgan Michael Gorman - BTIG Upal Rana - KeyBanc Capital Markets Mitch Germain - Citizens JMP Securities Operator Good morning, and welcome to Getty Realty's Second Quarter 2024 Earnings Call.

Getty Realty Corp. (GTY) Q2 2024 Earnings Call Transcript

Zacks Investment Research

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 (GTY) Q2 FFO and Revenues Beat Estimates

Getty Realty Corp. Announces Second Quarter 2024 Results

– Reports $104 Million of Year-to-Date Investment Activity – – Increases 2024 Full Year Earnings Guidance – NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial and operating results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Net earnings: $0.30 per share Funds From Operations (“FFO”): $0.55 per share Adjusted Funds From Operations (“AFFO”): $0.58 per share Invested $61.7 million across 23 properties at an 8.1% initial cash yield Committed investment pipeline of more than $53 million, as of July 24, 2024, for the development and/or acquisition of 25 convenience and automotive retail properties “We continued to grow and diversify our portfolio of convenience and automotive retail properties by accretively deploying more than $100 million through the first half of the year,” stated Christopher J.

Getty Realty Corp. Announces Second Quarter 2024 Results

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