Getty Realty: High Gas Prices Are A Headwind In 2022

Apr. 07, 2022 10:08 PM ETGetty Realty Corp. (GTY) StockGTY6 Comments
BOOX Research
20.33K Followers

Summary

  • Getty Realty specializes in convenience stores and automotive retail real estate.
  • Headwinds toward consumer spending have pressured sentiment towards the REIT this year that has underperformed the broader market.
  • While the 5.6% dividend yield is interesting, we expect limited upside in GTY stock from the current level.
Car Refueling at Gas Station during the Night

buzbuzzer/E+ via Getty Images

Getty Realty Corp. (NYSE:GTY) owns and leases a portfolio of over 1,000 gas stations and convenience store-type retail properties. The attraction of the stock is a compelling 5.7% dividend yield within a segment of real estate recognized for steady cash flows

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This article was written by

20.33K Followers
BOOX Research run by Dan Victor, CFA specializes in covering small-caps and under-the-radar ideas. Dan brings more than 15 years of experience in financial services across multiple roles in research, investment management, and trading. Dan is also the winner of Seeking Alpha's 2023 stock market prediction contest-- beating out a field of 40 analysts by correctly forecasting the S&P 500's 24% gain that year. https://seekingalpha.com/article/4660791-2023-market-prediction-contest-winners

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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