If You Invested $1,000 In Getty Realty Stock 20 Years Ago, How Much Would You Have Now

Getty Realty Corp. 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. As of Dec. 31, 2023, the company's portfolio included 1,093 free-standing properties located in 40 states and Washington, D.C.

The company is set to report its Q3 2024 earnings on October 23. Wall Street analysts expect the company to post an EPS of $0.58, up from $0.57 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $49.72 million, down from $50.49 million in the year-ago period.

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If You Bought Getty Realty Stock 20 Years Ago

The company's stock traded around $27 per share 20 years ago. If you had invested $1,000, you could have bought approximately 37 shares of Getty Realty stock. Currently, shares are trading at $31.01, which means your investment's value could have increased to $1,149 because of stock price appreciation. But wait, the company also paid dividends during these 20 years. 

Getty Realty’s dividend yield is currently 5.80%. Over the last 20 years, it paid around $28.39 in dividends per share, which means you could have made $1,051 from dividends alone. 

Summing up $1,149 and $1,051, we end up with the final value of your investment, which is $2,200. This is how much you could have made if you had invested $1,000 in Getty Realty stock 20 years ago. This means a total return of 120%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 565.92%.

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What Could The Next 20 Years Bring? 

Getty Realty has a consensus rating of Market Outperform and a price target of $33.5, based on the ratings of eight analysts. The price target implies around 8% potential upside from the current stock price.

On July 24, the company reported its Q2 2024 earnings, posting an FFO of $0.58, compared to the consensus of $0.57, and revenues of $49.937 million, compared to the consensus estimate of $48.781 million, as reported by Benzinga.

Due to year-to-date investment and capital markets activity, the company increased its 2024 AFFO guidance to $2.30 to $2.32 per diluted share, from the prior range of $2.29 to $2.31 per diluted share.

In summary, growth-focused investors may not find Getty Realty stock attractive, given just modest expected upside potential. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's high dividend yield of 5.80%.

Check out this article by Benzinga, which highlights three more stocks offering solid dividend yields.

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