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Getty Realty is facing challenges, maintaining a neutral rating from UBS with a price target of $32. The bankruptcy of Zips Car Wash, a tenant contributing 1.8% to annualized base rent, raises concerns about broader industry issues, despite a minimal impact on 2025 earnings.As competition intensifies in the car wash sector, investors should monitor signs of recovery or further tenant defaults to make informed decisions. Understanding whether Zips' troubles are isolated or indicative of systemic problems will be crucial for Getty's future strategies and market confidence.
UBS analyst Michael Goldsmith has initiated coverage on Getty Realty (NYSE: GTY) with a Neutral rating and a $32 price target, citing strong financial health and a solid Convenience Store segment. However, concerns about the Car Wash portfolio and competition may limit growth potential. Despite challenges, the company maintains strong liquidity and a consistent dividend yield of 6.15%, while RBC Capital Markets has adjusted its price target to $32, reflecting a balanced risk/reward profile.
UBS has initiated coverage of Getty Realty (NYSE: GTY) with a Neutral rating and a price target of $32, citing strong financial health and a 93% gross profit margin. While the convenience store segment is robust, concerns linger over the car wash portfolio due to competition and bankruptcy issues. Despite these challenges, the company maintains a solid liquidity position and a consistent dividend yield of 6.15%, having paid dividends for 31 consecutive years.
Getty Realty Corp.
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Getty Realty faces uncertainty amid car wash sector challenges and tenant issues
17:03 28.03.2025
ubs initiates neutral rating on getty realty with 32 dollar target
08:29 28.03.2025
ubs rates getty realty neutral with price target of thirty two dollars
07:59 28.03.2025
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