SG Americas Securities LLC raised its position in shares of Getty Realty Corporation (NYSE:GTY – Free Report) by 655.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,123 shares of the real estate investment trust’s stock after purchasing an additional 190,106 shares during the period. SG Americas Securities LLC’s holdings in Getty Realty were worth $6,968,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in shares of Getty Realty in the 1st quarter worth about $31,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Getty Realty during the 3rd quarter valued at about $27,000. Newbridge Financial Services Group Inc. bought a new stake in Getty Realty in the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its position in Getty Realty by 3,996.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,159 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Getty Realty by 36.2% in 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 buying an additional 418 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.
Wall Street Analysts Forecast Growth
GTY has been the topic of a number of recent research reports. UBS Group increased their price target on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. KeyCorp upped their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $35.00 target price on shares of Getty Realty in a research report on Friday, April 24th. Weiss Ratings raised shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Citigroup restated a “market outperform” rating on shares of Getty Realty in a research report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.60.
Getty Realty Trading Down 0.1%
NYSE:GTY opened at $33.98 on Monday. The company has a 50-day moving average price of $33.16 and a 200-day moving average price of $31.67. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 2.80 and a beta of 0.73. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. Getty Realty Corporation has a 12 month low of $25.39 and a 12 month high of $34.75.
Getty Realty (NYSE:GTY – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.09. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The company had revenue of $57.84 million for the quarter, compared to analysts’ expectations of $58.41 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. Getty Realty’s quarterly revenue was up 10.5% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Equities analysts predict that Getty Realty Corporation will post 2.42 EPS for the current year.
Getty Realty Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.485 per share. The ex-dividend date is Thursday, June 25th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.7%. Getty Realty’s dividend payout ratio is 127.63%.
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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