Vanguard Group Inc. Raises Position in Getty Realty Corporation $GTY

Vanguard Group Inc. grew its stake in Getty Realty Corporation (NYSE:GTY) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,488,950 shares of the real estate investment trust’s stock after purchasing an additional 102,670 shares during the quarter. Vanguard Group Inc. owned approximately 0.15% of Getty Realty worth $232,343,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GTY. Schonfeld Strategic Advisors LLC raised its position in Getty Realty by 2,308.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 457,536 shares of the real estate investment trust’s stock valued at $12,276,000 after buying an additional 438,540 shares during the last quarter. Millennium Management LLC boosted its holdings in Getty Realty by 42.3% during the 3rd quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock worth $30,651,000 after acquiring an additional 339,388 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Getty Realty by 419.7% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 286,923 shares of the real estate investment trust’s stock worth $7,698,000 after acquiring an additional 231,714 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Getty Realty by 58.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 527,290 shares of the real estate investment trust’s stock worth $14,574,000 after acquiring an additional 193,851 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Getty Realty by 66.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 440,532 shares of the real estate investment trust’s stock worth $12,176,000 after acquiring an additional 175,111 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on GTY shares. UBS Group raised 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $35.00 price objective on shares of Getty Realty in a research report on Friday, April 24th. Robert W. Baird increased their price objective on shares of Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings cut shares of Getty Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Getty Realty presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Getty Realty Stock Up 0.0%

Shares of NYSE:GTY opened at $33.01 on Friday. Getty Realty Corporation has a 1 year low of $25.39 and a 1 year high of $34.75. The company has a market capitalization of $2.00 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.75 and a beta of 0.75. The business has a fifty day moving average price of $33.08 and a two-hundred day moving average price of $30.38. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.24 and a quick ratio of 2.24.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $57.84 million for the quarter, compared to analysts’ expectations of $58.41 million. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Analysts forecast that Getty Realty Corporation will post 2.4 earnings per share for the current year.

Getty Realty Dividend Announcement

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

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.