Corient Private Wealth LP acquired a new position in Getty Realty Corporation (NYSE:GTY – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 93,482 shares of the real estate investment trust’s stock, valued at approximately $3,119,000.
A number of other hedge funds also recently bought and sold shares of GTY. Advisors Asset Management Inc. purchased a new position in Getty Realty in the first quarter worth about $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Getty Realty by 3,996.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,159 shares during the period. Avalon Trust Co purchased a new stake in shares of Getty Realty during the 1st quarter valued at about $38,000. Global Retirement Partners LLC purchased a new stake in shares of Getty Realty during the 2nd quarter valued at about $43,000. Finally, Danske Bank A S bought a new position in shares of Getty Realty in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Getty Realty in a report on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Citigroup reiterated a “market outperform” rating on shares of Getty Realty in a research note on Tuesday. Finally, Huntington began coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.29.
Getty Realty Price Performance
Shares of NYSE:GTY opened at $32.41 on Wednesday. The company has a market capitalization of $2.01 billion, a P/E ratio of 19.76, a P/E/G ratio of 2.86 and a beta of 0.72. Getty Realty Corporation has a 1-year low of $25.39 and a 1-year high of $36.83. The firm’s 50 day simple moving average is $33.95 and its two-hundred day simple moving average is $33.33. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26.
Getty Realty (NYSE:GTY – Get Free Report) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $59.05 million for the quarter, compared to analysts’ expectations of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Research analysts expect that Getty Realty Corporation will post 2.45 EPS for the current fiscal year.
Getty Realty Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a yield of 6.0%. Getty Realty’s dividend payout ratio (DPR) is currently 118.29%.
Getty Realty 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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