If You Invested $10,000 In Getty Realty Stock 10 Years Ago, How Much Would You Have Now?

Benzinga
09 Jan

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Getty Realty Corp. (NYSE:GTY) is a publicly traded, net lease REIT that specializes in the acquisition, financing and development of convenience, automotive and other single-tenant retail real estate.

It is set to report its Q4 2024 earnings on Feb. 12, 2025. Wall Street analysts expect the company to post an EPS of $0.59, up from $0.57 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $50.20 million, up from $47.64 million in the previous year.

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If You Bought Getty Realty Stock 10 Years Ago:

The company's stock traded at approximately $18.62 per share 10 years ago. If you had invested $10,000, you could have bought roughly 537 shares. Currently, shares trade at $29.99, meaning your investment's value could have grown to $16,106 from stock price appreciation alone. However, Getty Realty also paid dividends during these 10 years. 

Getty Realty's dividend yield is currently 6.27%. Over the last 10 years, it has paid about $14.37 in dividends per share, which means you could have made $7,718 from dividends alone. 

Summing up $16,106 and $7,718, we end up with the final value of your investment, which is $23,765. This is how much you could have made if you had invested $10,000 in Getty Realty stock 10 years ago. This means a total return of 137.65%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 227.13%.

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What Could The Next 10 Years Bring? 

Getty Realty has a consensus rating of "Market Outperform" and a price target of $33.57 based on the ratings of eight analysts. The price target implies a nearly 12% potential upside from the current stock price.

On Oct. 23, the company announced its Q3 2024 earnings, posting an FFO of $0.59, compared to the consensus estimate of $0.58 and revenues of $51.467 million, compared to the consensus of $49.655 million, as reported by Benzinga.

The company raised its 2024 AFFO guidance to $2.32 to $2.33 per diluted share from the prior range of $2.30 to $2.32 per diluted share. 

Given the expected upside potential of 12%, growth-focused investors may find Getty Realty stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 6.27% and consistent hikes. Getty Realty has raised its dividend consecutively for the last 12 years.

Check out this article by Benzinga for three more stocks offering high dividend yields. 

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This article If You Invested $10,000 In Getty Realty Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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