The Manufacturers Life Insurance Company Invests $942,000 in Getty Realty Corporation $GTY

The Manufacturers Life Insurance Company purchased a new stake in shares of Getty Realty Corporation (NYSE:GTY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,243 shares of the real estate investment trust’s stock, valued at approximately $942,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in Getty Realty in the first quarter worth $31,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 1,159 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of Getty Realty in the first quarter worth about $38,000. Global Retirement Partners LLC bought a new stake in shares of Getty Realty during the 2nd quarter worth about $43,000. Finally, Optiver Holding B.V. boosted its stake in shares of 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 worth $49,000 after acquiring an additional 1,232 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 research analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Citigroup reaffirmed a “market outperform” rating on shares of Getty Realty in a research report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Getty Realty in a research report on Friday, August 7th. Citizens Jmp restated a “market outperform” rating and issued a $39.00 price objective on shares of Getty Realty in a research note on Tuesday, September 1st. Finally, KeyCorp upped their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.29.

Getty Realty Trading Down 0.6%

Getty Realty stock opened at $32.46 on Friday. Getty Realty Corporation has a 52 week low of $25.39 and a 52 week high of $36.83. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market capitalization of $2.01 billion, a PE ratio of 19.79, a PEG ratio of 2.87 and a beta of 0.72. The business’s 50-day simple moving average is $33.87 and its 200-day simple moving average is $33.31.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $59.05 million for the quarter, compared to the consensus estimate of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Equities research analysts forecast that Getty Realty Corporation will post 2.45 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, October 8th. Stockholders of record on Thursday, September 24th will be paid a $0.485 dividend. The ex-dividend date is Thursday, September 24th. This represents a $1.94 annualized dividend and a dividend yield of 6.0%. Getty Realty’s dividend payout ratio (DPR) is presently 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.