Getty Realty Stock Fair Value – Citigroup Reduces Investment in Getty Realty Corp.
December 5, 2023
🌥️Trending News
Citigroup Inc. recently announced that it has reduced its stock holdings in Getty Realty ($NYSE:GTY) Corp, a leading real estate investment trust (REIT) specializing in the ownership, leasing, and financing of convenience store and gasoline station properties. Getty Realty’s stock is traded on the New York Stock Exchange under the ticker symbol GTY. The announcement from Citigroup Inc. regarding their reduction of stock holdings has caused some uncertainty in the market, although it is unclear how much of an impact this will have on the stock price.
Price History
Monday proved to be a volatile day for Getty Realty Corp., as Citigroup Inc. announced a reduction in its investment in the company. The announcement caused GETTY REALTY’s stock to open at $30.1, with some uncertainty about how it would close. Despite the dropping investment from Citigroup, Getty Realty Corp. was able to close at $30.5, indicating a 1.3% increase from the previous closing price of $30.1. This marks an overall success for the company, indicating that investors were not terribly worried by the news of reduced investment from Citigroup. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Getty Realty. More…
| Total Revenues | Net Income | Net Margin |
| 181.33 | 70.78 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Getty Realty. More…
| Operations | Investing | Financing |
| 99.69 | -331.03 | 225.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Getty Realty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.78k | 852.8 | 17.57 |
Key Ratios Snapshot
Some of the financial key ratios for Getty Realty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 52.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Getty Realty Stock Fair Value
At GoodWhale, we have conducted an in-depth analysis of GETTY REALTY‘s financials. Using our proprietary Valuation Line, we have determined that the fair value of the company’s stock is approximately $32.5. However, currently the stock is trading at $30.5, which is a fair price but undervalued by 6.2%. As such, this could be an attractive opportunity for investors interested in taking advantage of a discount on a quality company. More…
Peers
The company’s portfolio consists of 973 properties, totaling approximately 134 million square feet of leasable space. Getty Realty‘s competitors include Primaris REIT, CT Real Estate Investment Trust, and Choice Properties Real Estate Investment Trust.
– Primaris REIT ($TSX:PMZ.UN)
Primaris REIT is a Canadian real estate investment trust that owns and operates a portfolio of office, retail, and industrial properties across Canada. As of 2022, the company has a market capitalization of 1.39 billion Canadian dollars. The company’s properties are located in major urban markets in Canada, including Toronto, Montreal, Vancouver, and Calgary. Primaris REIT’s strategy is focused on creating long-term value for its shareholders through the ownership and operation of high-quality properties and by providing superior service to its tenants.
– CT Real Estate Investment Trust ($TSX:CRT.UN)
H&R REIT is a real estate investment trust that owns, operates, and develops a portfolio of properties in the United States and Canada. The company’s portfolio includes office, retail, residential, industrial, and hotel properties. As of December 31, 2020, H&R REIT’s portfolio consisted of 97 properties with a total value of $13.6 billion.
– Choice Properties Real Estate Investment Trust ($TSX:CHP.UN)
Choice Properties Real Estate Investment Trust is a real estate investment trust that owns, operates, and develops a portfolio of retail and commercial properties in Canada. As of December 31, 2020, the company’s portfolio comprised 1,168 properties, including 993 retail properties, 168 office properties, and seven industrial properties.
Summary
Investing analysts have recently highlighted Getty Realty Corp. as a stock to watch, however Citigroup Inc. has decreased its holdings in the company. Getty Realty Corp. is a leading publicly traded real estate investment trust that owns and leases primarily convenience store and gasoline station properties. Analysts suggest that investors consider GETTY’s strong balance sheet, which is made up of operating properties with long-term leases, and its strategic position as a leading convenience store and gas station real estate owner. Additionally, the company’s strategic partnerships with some of the most well-recognized brands in the sector could help to further drive future growth.
