AlphaQuest LLC Has $1.63 Million Position in Getty Realty Corporation $GTY

Key Points

• AlphaQuest LLC increased its stake in Getty Realty Corporation by 46.4%, owning approximately 52,308 shares worth $1.63 million at the end of the first quarter.
• Getty Realty's recent quarterly earnings missed expectations, reporting $0.59 earnings per share against an estimate of $0.60, with revenues of $51.31 million compared to a consensus of $51.59 million.
• The company announced a quarterly dividend of $0.47 to be paid on October 9th, representing an annualized yield of 6.5%, though its payout ratio currently sits at 163.48%.

AlphaQuest LLC boosted its stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 46.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 52,308 shares of the real estate investment trust's stock after buying an additional 16,583 shares during the period. AlphaQuest LLC owned approximately 0.09% of Getty Realty worth $1,631,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Getty Realty by 0.5% in the first quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust's stock valued at $246,369,000 after purchasing an additional 37,695 shares during the last quarter. Brown Advisory Inc. boosted its position in Getty Realty by 0.7% during the first quarter. Brown Advisory Inc. now owns 778,816 shares of the real estate investment trust's stock worth $24,283,000 after purchasing an additional 5,281 shares during the period. Northern Trust Corp boosted its position in shares of Getty Realty by 4.2% in the first quarter. Northern Trust Corp now owns 753,057 shares of the real estate investment trust's stock valued at $23,480,000 after acquiring an additional 30,403 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Getty Realty by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock valued at $22,640,000 after acquiring an additional 10,552 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in shares of Getty Realty by 21.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust's stock valued at $21,824,000 after acquiring an additional 125,491 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Price Performance

NYSE GTY traded down $0.36 during trading on Thursday, hitting $28.17. 42,353 shares of the company's stock were exchanged, compared to its average volume of 369,547. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.59 billion, a PE ratio of 24.49, a P/E/G ratio of 2.13 and a beta of 0.83. Getty Realty Corporation has a fifty-two week low of $26.42 and a fifty-two week high of $33.85. The stock's 50 day moving average price is $27.98 and its two-hundred day moving average price is $28.95.

Getty Realty (NYSE:GTY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 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 analyst estimates of $51.59 million. Getty Realty had a return on equity of 6.87% and a net margin of 31.62%. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. Research analysts expect that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 annualized dividend and a dividend yield of 6.7%. Getty Realty's dividend payout ratio is currently 163.48%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GTY shares. KeyCorp dropped their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen downgraded Getty Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, UBS Group boosted their price target on Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $32.67.

About Getty Realty