Jupiter Topco LLC Buys New Shares in Getty Realty Corporation $GTY

Jupiter Topco LLC bought a new position in shares of Getty Realty Corporation (NYSE:GTYFree Report) during the second quarter, HoldingsChannel reports. The firm bought 23,212 shares of the real estate investment trust’s stock, valued at approximately $775,000.

Several other large investors have also recently added to or reduced their stakes in GTY. Amundi raised its holdings in Getty Realty by 12.7% in the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock valued at $930,000 after acquiring an additional 3,463 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Getty Realty during the first quarter valued at approximately $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Getty Realty by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock valued at $9,564,000 after purchasing an additional 23,370 shares during the period. Jane Street Group LLC raised its stake in shares of Getty Realty by 105.8% in the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock valued at $3,533,000 after purchasing an additional 58,255 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Getty Realty by 13.3% in the second quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock valued at $462,000 after purchasing an additional 1,961 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GTY shares. Citizens Jmp reiterated a “market outperform” rating and set a $39.00 price target on shares of Getty Realty in a research note on Tuesday, September 1st. KeyCorp increased 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. Huntington initiated coverage on shares of Getty Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price objective for the company. Royal Bank Of Canada lifted their target price on shares of Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, July 24th. Finally, Robert W. Baird upped their target price on shares of Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Getty Realty has an average rating of “Moderate Buy” and an average target price of $35.29.

Get Our Latest Stock Analysis on Getty Realty

Getty Realty Stock Performance

Getty Realty stock opened at $32.46 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. The stock has a fifty day moving average price of $33.87 and a two-hundred day moving average price of $33.31. Getty Realty Corporation has a 52-week low of $25.39 and a 52-week high of $36.83. The firm has a market capitalization of $2.01 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.87 and a beta of 0.72.

Getty Realty (NYSE:GTYGet Free Report) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The firm had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. The business’s revenue was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. As a group, analysts anticipate that Getty Realty Corporation will post 2.45 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be given a $0.485 dividend. The ex-dividend date is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a yield of 6.0%. Getty Realty’s payout ratio is 118.29%.

Getty Realty Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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