Last Updated: 14 Sep 2024
Executive Summary
Getty Realty Corporation (GTY) is a real estate investment trust (REIT) that specializes in the ownership, acquisition, and development of retail properties. The company's portfolio consists of approximately 900 properties located in 28 states. GTY has a market capitalization of $1.75 billion and trades on the NYSE.
Company Overview
Getty Realty was founded in 1985 and is headquartered in Jericho, New York. The company's primary business is the acquisition and development of retail properties, which it leases to tenants such as grocery stores, drug stores, and convenience stores. GTY also owns and operates a portfolio of office and industrial properties.
Fundamental Analysis
GTY's financial performance has been solid in recent years. The company's revenue has grown at an average annual rate of 5% over the past five years, and its earnings per share (EPS) have grown at an average annual rate of 7%. GTY's profit margin is 33.5%, and its return on equity (ROE) is 7.29%.
GTY's balance sheet is also strong. The company has a debt-to-equity ratio of 0.53, and its interest coverage ratio is 4.5. GTY has a strong track record of dividend payments, and its dividend yield is currently 0.0556%.
Technical Analysis
GTY's stock price has been in a downtrend since early 2023. The stock is currently trading at $32.37, which is below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 35, which indicates that it is oversold.
Short Term Outlook
The short-term outlook for GTY is mixed. The stock's technical indicators suggest that it could be due for a rebound, but the company's fundamentals are not as strong as they were in the past. Investors should be cautious about buying GTY at this time.
Long Term Outlook
The long-term outlook for GTY is more positive. The company's portfolio of retail properties is well-located and generates strong cash flow. GTY's management team is experienced and has a proven track record of success. Investors who are willing to take a long-term view may want to consider buying GTY at its current price.
Analyst Recommendations
Analysts are divided on GTY's stock. Six analysts have a hold rating on the stock, one analyst has a buy rating, and no analysts have a strong buy or strong sell rating. The average analyst target price for GTY is $31.50.
