Intech Investment Management LLC Reduces Position in Getty Realty Corporation $GTY

Intech Investment Management LLC cut its holdings in shares of Getty Realty Corporation (NYSE:GTY) by 56.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,759 shares of the real estate investment trust’s stock after selling 25,761 shares during the quarter. Intech Investment Management LLC’s holdings in Getty Realty were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Getty Realty in the third quarter worth about $27,000. Newbridge Financial Services Group Inc. bought a new position in shares of Getty Realty in the fourth quarter worth approximately $29,000. Advisors Asset Management Inc. bought a new stake in Getty Realty during the first quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 acquiring an additional 1,159 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Getty Realty by 36.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 418 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GTY has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Weiss Ratings raised shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. KeyCorp boosted their target price on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $35.00 price target on shares of Getty Realty in a research note on Friday, April 24th. Finally, UBS Group upped their price target on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Getty Realty presently has an average rating of “Moderate Buy” and an average price target of $33.60.

Getty Realty Trading Up 1.2%

Getty Realty stock opened at $33.19 on Wednesday. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $34.75. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 2.73 and a beta of 0.73. The firm has a 50 day moving average of $33.07 and a 200 day moving average of $31.22.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.09. The business had revenue of $57.84 million during the quarter, compared to the consensus estimate of $58.41 million. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. As a group, research analysts predict that Getty Realty Corporation will post 2.4 earnings per share 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 $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, June 25th. Getty Realty’s dividend payout ratio (DPR) is presently 127.63%.

About Getty Realty

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.