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

Benzinga
01-09

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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

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