Getty Realty

GTY · NYSE

$28.04+$0.21 (+0.75%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $27.83

GTY analyst rating

HoldConsensus of 5 analysts over the last 12 months. 40% rate it a buy.

Strong buy0
Buy2
Hold3
Underperform0
Sell0

12-month price target · 9 analysts

Average $36.43 (+29.9% upside)

Low: $31.31
Now: $28.04
High: $40.95

Upgrades and downgrades

The latest rating actions, newest first

GTY analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keybanc	Sep 24, 2026	Maintains	Overweight	$36.00	29%
Citizens	Sep 1, 2026	Maintains	Market Outperform	$39.00	44%
RBC Capital	Jul 24, 2026	Maintains	Sector Perform	$35.00 → $36.00	38%
Baird	Jul 23, 2026	Maintains	Neutral	$34.00 → $36.00	38%
Citizens	Jul 23, 2026	Maintains	Market Outperform	$35.00 → $39.00	44%
Keybanc	May 14, 2026	Maintains	Overweight	$33.00 → $36.00	29%
Baird	Apr 23, 2026	Maintains	Neutral	$32.00 → $34.00	38%
UBS	Mar 9, 2026	Maintains	Neutral	$29.00 → $33.00	45%
RBC Capital	Feb 17, 2026	Maintains	Sector Perform	$30.00 → $33.00	38%

The case for and against

Updated Oct 17, 2026

Bull case

Getty Realty is benefiting from a high-quality sale-leaseback pipeline and a direct sourcing model that is translating into steady growth, highlighted by the $260.9M Refuel transaction, which adds a year of investment activity, deepens an existing tenant relationship, and is expected to contribute about $0.02-$0.03/sh in annual AFFO accretion. The company’s fundamentals are supported by durable tenant economics, with rent coverage in the mid-2x area, over 10 years of average lease term remaining, nearly 2% annual organic growth, and no realized credit losses in 2026 despite gas price pressures. Its balance sheet remains flexible, with net debt/EBITDA at 5.3x, liquidity around $570M, and 93% fixed-rate debt, while 2Q26 AFFO/sh of $0.62 and 2026 guidance of $2.52-$2.54 reinforce a constructive growth outlook.

Bear case

Getty Realty is vulnerable to a deteriorating net-lease spread environment, as $128mm of 2Q26 investment activity came at a 7.4% cap rate, 40 bps below estimates, signaling less room for accretive growth if financing costs stay elevated. Rising interest rate expectations could raise its cost of capital, pressure asset values, and reduce earnings potential from capital deployment, while competitive buying in investment sales markets may keep pricing elevated. Its higher-than-average concentration in key sectors and tenants, along with a relatively low mix of investment-grade tenants, leaves cash flows more exposed to tenant credit events, economic weakness, and rent loss.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.