Janney starts ‘undervalued and underfollowed’ Getty Realty with a Buy

As previously reported, Janney Montgomery Scott initiated coverage of Getty Realty (GTY) with a Buy rating and $30 fair value estimate. The firm, which calls Getty “an undervalued and underfollowed play in the broader triple-net REIT space,” believes that the REIT will deliver above-average growth over the next few years, citing its solid balance sheet and “quality management team.”