Citizens Reiterates Market Outperform Rating on Getty Realty (GTY)

Citizens analyst Mitch Germain reiterated a Market Outperform rating and $35.00 price target on Getty Realty (NYSE: GTY).

The analyst commented, "Getty Realty Corp. produced earnings ahead of expectations following an active quarter, padding its liquidity through separate debt and equity transactions, opportunistically renewing forthcoming expirations at higher rents, and expanding its pipeline of closed/ under contract investments; maintain our Market Outperform rating and $35 price target (13.3x 2026E AFFOPS). In conjunction with the earnings report, Getty raised its full-year earnings outlook, which we believe is attributed to expanded 1Q26 deal volumes, with $30M invested across the quarter, while we believe momentum should persist as the company is sitting on peak liquidity. The valuation is compelling, in our view, as shares trade in line with the net-lease sector at low-13x, though the company has produced bottom-line and dividend growth averaging 5% over the last six years, outpacing peers, suggesting a premium is practical. Further, the shares offer a 5.8% dividend yield, with ample coverage, adding an income element to the investment."

For an analyst ratings summary and ratings history on Getty Realty click here. For more ratings news on Getty Realty click here.

Shares of Getty Realty closed at $33.21 yesterday.

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