9,300 Shares in Getty Realty Corporation $GTY Purchased by Strs Ohio

Key Points

• Strs Ohio acquired 9,300 shares of Getty Realty Corporation, worth approximately $290,000, during the first quarter as per their Form 13F filing.
• Several hedge funds have significantly increased their stakes in Getty Realty, with LPL Financial LLC raising its position by 30.1% and SG Americas Securities LLC increasing its position by 417.1% in the same period.
• Getty Realty has recently announced a quarterly dividend of $0.47 per share, representing an annualized yield of 6.9%, with a dividend payout ratio of 163.48%.

Strs Ohio acquired a new position in Getty Realty Corporation (NYSE:GTY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,300 shares of the real estate investment trust's stock, valued at approximately $290,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in Getty Realty by 30.1% in the 1st quarter. LPL Financial LLC now owns 88,476 shares of the real estate investment trust's stock worth $2,759,000 after purchasing an additional 20,473 shares during the period. D.A. Davidson & CO. purchased a new position in shares of Getty Realty during the first quarter worth approximately $211,000. GAMMA Investing LLC increased its position in shares of Getty Realty by 3,339.0% during the first quarter. GAMMA Investing LLC now owns 51,104 shares of the real estate investment trust's stock worth $1,639,000 after acquiring an additional 49,618 shares during the period. Teacher Retirement System of Texas increased its position in shares of Getty Realty by 21.8% during the first quarter. Teacher Retirement System of Texas now owns 44,950 shares of the real estate investment trust's stock worth $1,402,000 after acquiring an additional 8,056 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Getty Realty by 417.1% during the first quarter. SG Americas Securities LLC now owns 23,415 shares of the real estate investment trust's stock worth $730,000 after acquiring an additional 18,887 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GTY. Wall Street Zen raised shares of Getty Realty from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. UBS Group raised their target price on shares of Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.60.

Getty Realty Stock Performance

Shares of GTY stock opened at $27.32 on Wednesday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.05 and a beta of 0.86. The company's 50 day moving average is $28.07 and its 200 day moving average is $28.58. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a 52-week low of $26.42 and a 52-week high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $51.31 million for the quarter, compared to analysts' expectations of $51.59 million. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. On average, sell-side analysts anticipate that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is presently 163.48%.

Getty Realty Company Profile

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