Getty Realty Corporation $GTY Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in shares of Getty Realty Corporation (NYSE:GTY) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,601 shares of the real estate investment trust’s stock after selling 2,280 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Getty Realty were worth $2,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GTY. Advisors Asset Management Inc. acquired a new position in Getty Realty in the 1st quarter valued at $31,000. US Bancorp DE boosted its holdings in shares of Getty Realty by 52.4% in the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 376 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Getty Realty by 111.3% in the second quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 730 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Getty Realty during the second quarter worth about $72,000. Finally, Quarry LP raised its holdings in Getty Realty by 32.1% during the first quarter. Quarry LP now owns 3,706 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 900 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GTY has been the topic of a number of analyst reports. UBS Group lifted their price objective on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Janney Montgomery Scott initiated coverage on Getty Realty in a research note on Thursday, October 16th. They issued a “buy” rating and a $30.00 price target on the stock. Wall Street Zen upgraded Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.80.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $28.43 on Tuesday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.00 and a quick ratio of 2.00. The business’s 50 day simple moving average is $27.28 and its 200-day simple moving average is $27.95. Getty Realty Corporation has a 12 month low of $25.39 and a 12 month high of $33.85.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $55.59 million during the quarter, compared to analysts’ expectations of $53.19 million. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. As a group, equities analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Friday, December 26th will be paid a dividend of $0.485 per share. This is a boost from Getty Realty’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 26th. This represents a $1.94 annualized dividend and a dividend yield of 6.8%. Getty Realty’s dividend payout ratio is presently 151.56%.

Getty Realty Profile