Delta Investment Management LLC Reduces Holdings in Getty Realty Corporation $GTY

Delta Investment Management LLC reduced its stake in shares of Getty Realty Corporation (NYSE:GTY) by 44.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,963 shares of the real estate investment trust’s stock after selling 24,367 shares during the quarter. Delta Investment Management LLC owned approximately 0.05% of Getty Realty worth $847,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty during the first quarter valued at $31,000. Aster Capital Management DIFC Ltd purchased a new stake in Getty Realty in the third quarter worth about $27,000. Newbridge Financial Services Group Inc. purchased a new stake in Getty Realty in the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its stake in Getty Realty by 3,996.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,159 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Getty Realty by 288.6% in the third quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,013 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

NYSE GTY traded up $0.35 on Thursday, hitting $33.15. 11,343 shares of the company’s stock traded hands, compared to its average volume of 521,550. 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 1-year low of $25.39 and a 1-year high of $34.75. The firm’s 50-day moving average price is $33.01 and its two-hundred day moving average price is $30.16. The firm has a market capitalization of $2.00 billion, a PE ratio of 21.81, a P/E/G ratio of 2.46 and a beta of 0.81.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 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 business had revenue of $57.84 million during the quarter, compared to analysts’ expectations of $58.41 million. During the same period in the previous year, the business posted $0.59 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. As a group, analysts expect that Getty Realty Corporation will post 2.4 EPS for the current year.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 5.9%. The ex-dividend date is Thursday, June 25th. Getty Realty’s payout ratio is presently 127.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GTY shares. UBS Group boosted their target price on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $35.00 target price on shares of Getty Realty in a report on Friday, April 24th. Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Finally, Robert W. Baird boosted their target price on shares of Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Three 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.00.

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.