Photo by Joshua Mayo on Unsplash
 

Getty Realty Corp. (GTY) is a 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 the majority of the revenue in the form of rental income.

As of March 31, 2023, the Company's portfolio included 1,047 freestanding properties located in 39 states across the United States and Washington, D.C.

Getty Realty Corp is headquartered in New York, NY.

Three key data points gauge Getty Realty Corp or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.
 

GTY Price

Over the past year, Getty share price rose about 25.6% from $27.14 to $34.09 as of Monday’s market close.

If GTY stock trades in the range of $25.00 to $40.00 this next year, its recent $34.09 share price might rise to $36.00 by next year. Of course, GTYs price could drop about the same $1.91 amount, or more.

My upside estimate of $1.91 is $0.20 above the median of annual target price estimates from five analysts covering the stock for brokers.
 

GTY Dividend

Getty Realty Corp’s recent $0.43  quarterly dividend, payable July 6th to shareholders of record June 21st, equates to $1.72 annually and throws a yield of 5.05% as of Monday’s closing price.
 

GTY Returns

Adding the $1.72 anticipated annual dividend to GTY’s $1.91 price upside reveals a $3.63 potential gross gain per share for the coming year.

At Monday’s $34.09 closing price, a little under $1000 would buy 29 shares.

A $10 broker fee (if charged), paid half at purchase and half at the sale, might cost us about $0.34 per share.

Subtracting that maybe $0.34 brokerage cost from my estimated $3.63 gross gain per share makes a net gain amounting to $3.29 X 29 shares = $95.41 for a 9.5% net gain.

This may be the time to pounce on GTY. But beware, its dividend is solid and its price is rising and is priced at just $2.04 below the stock’s all-time high of $36.49 posted on March 14, 2023.

The foregoing article is based on past history of Getty Realty Corp. The only accurate measure of future performance is from active investment in the company.

More By This Author:

Daily Stock Analysis: Gaming And Leisure Properties (GLPI)
Daily Stock Analysis: Manulife Financial Corporation
Daily Stock Analysis: HSBC Holdings