Teacher Retirement System of Texas Cuts Stock Position in Getty Realty Corporation $GTY

Teacher Retirement System of Texas cut its stake in shares of Getty Realty Corporation (NYSE:GTY) by 17.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,264 shares of the real estate investment trust’s stock after selling 7,686 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of Getty Realty worth $1,030,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new position in shares of Getty Realty during the 1st quarter worth approximately $31,000. US Bancorp DE grew its holdings in Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 376 shares during the period. Signaturefd LLC raised its position in Getty Realty by 111.3% in the second quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 730 shares in the last quarter. Quarry LP raised its position in Getty Realty by 32.1% in the first quarter. Quarry LP now owns 3,706 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 900 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Getty Realty by 11.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 409 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Price Performance

Shares of NYSE GTY opened at $26.93 on Friday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.81 and a beta of 0.83. Getty Realty Corporation has a 52 week low of $25.39 and a 52 week high of $33.85. The company’s 50-day moving average price is $27.39 and its 200 day moving average price is $27.96. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93.

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

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Friday, December 26th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, December 26th. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. This represents a $1.94 annualized dividend and a yield of 7.2%. Getty Realty’s dividend payout ratio (DPR) is 151.56%.

Wall Street Analysts Forecast Growth

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

About Getty Realty