Aberdeen Group plc Buys 1,717 Shares of Getty Realty Corporation $GTY

Aberdeen Group plc raised its stake in shares of Getty Realty Corporation (NYSE:GTY) by 8.6% in the 2nd quarter, Holdings Channel reports. The firm owned 21,781 shares of the real estate investment trust’s stock after acquiring an additional 1,717 shares during the period. Aberdeen Group plc’s holdings in Getty Realty were worth $602,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LPL Financial LLC lifted its position in shares of Getty Realty by 30.1% in the first quarter. LPL Financial LLC now owns 88,476 shares of the real estate investment trust’s stock worth $2,759,000 after buying an additional 20,473 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Getty Realty in the 1st quarter worth approximately $211,000. Teacher Retirement System of Texas raised its holdings in shares of Getty Realty by 21.8% during the 1st quarter. Teacher Retirement System of Texas now owns 44,950 shares of the real estate investment trust’s stock worth $1,402,000 after acquiring an additional 8,056 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Getty Realty by 417.1% during the 1st quarter. SG Americas Securities LLC now owns 23,415 shares of the real estate investment trust’s stock valued at $730,000 after acquiring an additional 18,887 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Getty Realty in the first quarter valued at $445,000. 85.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GTY has been the topic of a number of recent research reports. UBS Group upped their price target on shares of Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. Wall Street Zen upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Janney Montgomery Scott began coverage on shares of Getty Realty in a research report on Thursday. They set a “buy” rating and a $30.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research report on Wednesday, October 8th. Four investment 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.17.

Getty Realty Trading Up 1.3%

GTY opened at $27.20 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. The stock’s 50 day moving average price is $27.60 and its 200-day moving average price is $28.07. Getty Realty Corporation has a one year low of $25.39 and a one year high of $33.85. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.94 and a beta of 0.82.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Getty Realty had a return on equity of 6.87% and a net margin of 31.62%.The business had revenue of $51.31 million for the quarter, compared to the consensus estimate of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. On average, equities analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, September 25th. Getty Realty’s payout ratio is currently 163.48%.

Getty Realty Company Profile