Last Updated: 13 Nov 2024
Executive Summary
Getty Realty Corporation (GTY) is a real estate investment trust (REIT) that specializes in the ownership and leasing of convenience store and gas station properties. The company has a market capitalization of $1.78 billion and a trailing price-to-earnings (PE) ratio of 27.82. GTY's latest stock price is $31.97.
Company Overview
Getty Realty was founded in 1985 and is headquartered in Jericho, New York. The company owns and leases approximately 1,000 properties in 31 states and Washington, D.C. GTY's tenants include major convenience store and gas station operators such as 7-Eleven, BP, and Shell.
Fundamental Analysis
GTY's financial performance has been mixed in recent years. The company's revenue has declined slightly in each of the past two years, while its earnings per share (EPS) have remained relatively flat. However, GTY's profit margin and return on equity have both improved in recent quarters.
GTY's balance sheet is strong, with low levels of debt and ample liquidity. The company's dividend yield is 0.0583%, which is below the average for REITs.
Technical Analysis
GTY's stock price has been trading in a range between $24.68 and $33.23 over the past 52 weeks. The stock is currently trading near the middle of this range. GTY's 50-day moving average is $31.74, and its 200-day moving average is $28.89.
Short Term Outlook
GTY's stock price is likely to continue to trade in a range in the near term. The company's financial performance has been mixed, and there are no major catalysts on the horizon.
Long Term Outlook
GTY's long-term outlook is more positive. The company's portfolio of convenience store and gas station properties is well-located and should continue to generate strong cash flow. GTY's dividend yield is also attractive, making it a good income investment for long-term investors.
Analyst Recommendations
Analysts are generally bullish on GTY. The consensus analyst rating is "Hold," with a price target of $33.5.
Disclaimer
This report is for informational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.
