Getty Realty Stock Intrinsic Value – JMP Securities Reduces Price Target for Getty Realty to $33.00
October 25, 2023
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Getty Realty ($NYSE:GTY) Corporation is a leading publicly-traded real estate investment trust (REIT) focused on owning, leasing, and financing convenience store and gasoline station properties. JMP Securities recently reduced their price target for Getty Realty to $33.00. This move comes on the heels of the company’s second quarter earnings report, which showed a decline in profits. Despite the reduced outlook, JMP Securities analysts are still optimistic about Getty Realty’s future, noting that the company has strong fundamentals and a solid balance sheet.
The new price target could be a signal to investors that current market conditions are leading to uncertain times for Getty Realty. Analysts suggest that investors should take the time to analyze the company’s financials and make sure that their investment is in line with their risk appetite. By doing so, investors may be able to better position themselves for potential long-term gains from Getty Realty.
Price History
On Monday, GETTY REALTY opened at $26.5 and closed at the same price, resulting in a 0.4% decrease from last closing price of $26.6. As of Monday, GETTY REALTY’s stock was trading at a price below its targeted value, putting the company into a bearish outlook for the near future. With the outlook of the stock being as such, investors should be wary of the risk associated with investing in GETTY REALTY. Investors should also take into consideration that this price target reduction may be due to other market conditions that are outside of GETTY REALTY’s control. 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 |
| 172.81 | 69.37 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Getty Realty. More…
| Operations | Investing | Financing |
| 94.68 | -139.06 | 30.76 |
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 |
| 1.64k | 777.07 | 17.38 |
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 |
| – | – | 53.1% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Getty Realty Stock Intrinsic Value
At GoodWhale, we provide comprehensive analysis of GETTY REALTY‘s fundamentals. After thorough analysis, we have determined that the fair value of GETTY REALTY share is around $32.4. We calculate this through our proprietary Valuation Line. At present, GETTY REALTY stock is traded at $26.5, making it a fair price that is currently undervalued by 18.2%. We believe now is a great time to consider investing in GETTY REALTY, as it offers a good opportunity for investors who can benefit from its market undervaluation. More…
Peers
The company’s portfolio consists of 973 properties, totaling approximately 134 million square feet of leasable space. Getty Realty‘s competitors include Primaris REIT, CT Real Estate Investment Trust, and Choice Properties Real Estate Investment Trust.
– Primaris REIT ($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
Getty Realty is a leading real estate investment trust (REIT) with a large portfolio of retail and gas station properties. It recently had its price target lowered to $33.00 by JMP Securities. Getty Realty has well-diversified holdings with a focus on convenience stores, fuel stations, restaurants, and other commercial real estate properties. It has a high occupancy rate and strong fundamentals, such as a strong balance sheet and generous dividend yield.
Its stock is currently trading at a discount relative to its peers, providing investors with an attractive buying opportunity. Analysts expect the company’s strategy to focus on growth through acquisitions and to capitalize on the current low interest rate environment. With solid fundamentals and an attractive entry point, investors should consider Getty Realty as an attractive long-term investment.
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