Getty Realty Corporation $GTY Shares Purchased by AlphaQuest LLC

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 lifted its position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 46.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,308 shares of the real estate investment trust's stock after purchasing an additional 16,583 shares during the period. AlphaQuest LLC owned about 0.09% of Getty Realty worth $1,631,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new stake in Getty Realty during the 4th quarter worth about $28,000. US Bancorp DE increased its holdings in shares of Getty Realty by 52.4% in the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 376 shares during the last quarter. Quarry LP raised its position in shares of Getty Realty by 468.0% during the 4th quarter. Quarry LP now owns 2,806 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 2,312 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Getty Realty by 11.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 409 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in Getty Realty in the first quarter valued at approximately $211,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Performance

NYSE GTY traded up $0.16 during trading hours on Wednesday, hitting $28.56. 359,096 shares of the stock were exchanged, compared to its average volume of 371,596. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83. Getty Realty Corporation has a 12-month low of $26.42 and a 12-month high of $33.85. The stock has a 50-day moving average of $27.98 and a 200 day moving average of $28.95.

Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results 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). Getty Realty had a return on equity of 6.87% and a net margin of 31.62%.The business had revenue of $51.31 million for the quarter, compared to analyst estimates of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. As a group, equities research analysts forecast that Getty Realty Corporation will post 2.29 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 9th. Investors of record on Thursday, September 25th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a yield of 6.6%. Getty Realty's payout ratio is currently 163.48%.

Wall Street Analysts Forecast Growth

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

Getty Realty Company Profile