Getty Realty: Long-Term Investors Can Rejoice

Jun. 13, 2023 8:05 AM ETGetty Realty Corp. (GTY) StockGTY5 Comments
Gen Alpha
Investing Group

Summary

  • Getty Realty benefits from higher stock prices, as it can use freshly raised capital for property acquisitions and growth.
  • It has a solid portfolio with 99.7% occupancy and full rent collection, and it continues to grow by adding higher growth potential property types.
  • GTY stock offers a well-covered 5% dividend yield and could provide investors with ~10% annual returns, making it a reasonably priced investment option.
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It's always nice to see validation from the market with a higher price on a stock that you own. However, a more expensive stock price usually doesn't benefit a traditional corporation unless if it has plans to raise capital, which is generally not

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of GTY either through stock ownership, options, or other derivatives. 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.

I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

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