Getty Realty increases quarterly dividend 4.4% to 47c per share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2024
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Dividend Announcement: Getty Realty's board declared a cash dividend of 47 cents per common share, marking a 4.4% increase from the previous quarter.
Payment Details: The dividend will be payable on January 9, 2025, to shareholders on record as of December 26.
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Analyst Views on GTY
Wall Street analysts forecast GTY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GTY is 31.25 USD with a low forecast of 29.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 29.260
Low
29.00
Averages
31.25
High
36.00
Current: 29.260
Low
29.00
Averages
31.25
High
36.00
About GTY
Getty Realty Corp. is a net lease real estate investment trust (REIT) specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. The Company’s portfolio includes approximately 1,137 freestanding properties located in 44 states across the United States and Washington, D.C. The Company's portfolio is comprised of convenience stores, express tunnel car washes, automotive service centers (gasoline and repair, oil and maintenance, tire and battery, and collision) and certain other freestanding retail properties, including drive-thru quick service restaurants and automotive parts retailers. The Company's tenants operate under a variety of national and regional brands. The Company's tenants either operate their businesses at its properties directly or, in the case of certain convenience stores and gasoline and repair stations, sublet its properties and supply fuel to third parties who operate the businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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