Public Employees Retirement System of Ohio bought a new position in Getty Realty Corporation (NYSE:GTY – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 65,626 shares of the real estate investment trust’s stock, valued at approximately $2,189,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in GTY. Advisors Asset Management Inc. bought a new stake in shares of Getty Realty during the first quarter valued at approximately $31,000. 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 valued at $33,000 after acquiring an additional 1,159 shares in the last quarter. Avalon Trust Co bought a new position in Getty Realty in the 1st quarter valued at approximately $38,000. Global Retirement Partners LLC bought a new position in Getty Realty in the 2nd quarter valued at approximately $43,000. Finally, Optiver Holding B.V. boosted its stake in Getty Realty by 380.2% during the 1st quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,232 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Robert W. Baird lifted their target price on 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. Citizens Jmp reaffirmed a “market outperform” rating and set a $39.00 price objective on shares of Getty Realty in a research report on Tuesday, September 1st. KeyCorp lifted their price objective on Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, Huntington assumed coverage on Getty Realty in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.29.
Getty Realty Trading Down 0.2%
Shares of GTY stock opened at $32.46 on Monday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $36.83. The stock 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. The firm’s 50 day moving average is $33.87 and its 200 day moving average is $33.31.
Getty Realty (NYSE:GTY – Get Free Report) last announced 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 company 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 company’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. Research analysts expect that Getty Realty Corporation will post 2.45 earnings per share for the current year.
Getty Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Thursday, September 24th. Getty Realty’s dividend payout ratio is 118.29%.
Getty Realty Company 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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