Natixis Advisors LLC raised its holdings in Getty Realty Corporation (NYSE:GTY – Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 422,988 shares of the real estate investment trust’s stock after purchasing an additional 18,519 shares during the quarter. Natixis Advisors LLC owned about 0.73% of Getty Realty worth $11,577,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in Getty Realty in the first quarter valued at $31,000. Aster Capital Management DIFC Ltd acquired a new position in Getty Realty in the third quarter valued at $27,000. Newbridge Financial Services Group Inc. acquired a new position in Getty Realty in the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC increased its stake in shares of Getty Realty by 3,996.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,159 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Getty Realty by 36.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 418 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on GTY shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $35.00 price target on shares of Getty Realty in a research note on Friday, April 24th. KeyCorp boosted their price target on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Robert W. Baird boosted their price target on shares of Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. UBS Group boosted their price target on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Finally, Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Three research 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, Getty Realty currently has an average rating of “Moderate Buy” and an average target price of $33.60.
Getty Realty Stock Performance
NYSE:GTY opened at $32.99 on Friday. The stock has a market cap of $1.99 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.75 and a beta of 0.73. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $34.75. The firm’s fifty day simple moving average is $33.03 and its 200-day simple moving average is $31.13. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.92.
Getty Realty (NYSE:GTY – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The firm had revenue of $57.84 million for the quarter, compared to the consensus estimate of $58.41 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Analysts expect that Getty Realty Corporation will post 2.4 earnings per share for the current fiscal year.
Getty Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.94 dividend on an annualized basis and a yield of 5.9%. Getty Realty’s payout ratio is currently 127.63%.
Getty Realty Company Profile
Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.
Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.
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