350,000 Shares in Getty Realty Corporation $GTY Bought by Heartland Advisors Inc.

Key Points

• Heartland Advisors acquired 350,000 Getty Realty shares in the second quarter, valued at approximately $11.7 million and representing about 0.57% of the REIT. Institutional investors collectively own 85.11% of GTY.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year, but earnings per share of $0.36 narrowly missed analyst expectations. The company guided to fiscal 2026 EPS of $2.52–$2.54.
• The REIT declared a quarterly dividend of $0.485 per share, equivalent to $1.94 annually and a 5.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $35.29, versus a recent share price of $33.16.

Heartland Advisors Inc. bought a new stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 350,000 shares of the real estate investment trust's stock, valued at approximately $11,676,000. Heartland Advisors Inc. owned approximately 0.57% of Getty Realty as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Amundi boosted its holdings in shares of Getty Realty by 12.7% during the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust's stock valued at $930,000 after purchasing an additional 3,463 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Getty Realty in the first quarter worth about $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Getty Realty by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust's stock worth $9,564,000 after buying an additional 23,370 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Getty Realty by 105.8% in the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust's stock worth $3,533,000 after buying an additional 58,255 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Getty Realty by 13.3% during the second quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust's stock valued at $462,000 after buying an additional 1,961 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Trading Down 0.6%

Shares of GTY opened at $33.16 on Friday. The company's fifty day simple moving average is $33.94 and its 200-day simple moving average is $33.19. The company has a market cap of $2.05 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.94 and a beta of 0.72. 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 twelve month low of $25.39 and a twelve month high of $36.83.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The firm had revenue of $59.05 million for the quarter, compared to analysts' expectations of $58.45 million. The firm'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. As a group, analysts expect that Getty Realty Corporation will post 2.45 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.9%. Getty Realty's dividend payout ratio is currently 118.29%.

Analysts Set New Price Targets

GTY has been the subject of several research analyst reports. Royal Bank Of Canada raised their price target on Getty Realty from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, July 24th. Huntington began coverage on Getty Realty in a report on Wednesday, July 15th. They set an "outperform" rating and a $37.00 price objective on the stock. Citizens Jmp increased their target price on Getty Realty from $35.00 to $39.00 and gave the company a "market outperform" rating in a research report on Thursday, July 23rd. KeyCorp boosted their price target on shares of Getty Realty from $33.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 14th. Finally, Citigroup reiterated an "outperform" rating on shares of Getty Realty in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Getty Realty presently has a consensus rating of "Moderate Buy" and an average target price of $35.29.

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.

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