Bridgeway Capital Management LLC Cuts Stock Holdings in Getty Realty Corporation $GTY

Key Points

• Bridgeway Capital Management LLC has reduced its stake in Getty Realty Corporation by 12.4%, selling 23,700 shares and maintaining ownership of 166,700 shares valued at approximately $5.2 million.
• Getty Realty reported a Q2 earnings miss, posting earnings per share of $0.59 compared to the consensus estimate of $0.60 and recording revenue of $51.31 million against an expectation of $51.59 million.
• The company declared a quarterly dividend of $0.47 per share, with a dividend yield of 6.6%, despite a high payout ratio of 163.48%.

Bridgeway Capital Management LLC lessened its holdings in Getty Realty Corporation (NYSE:GTY - Free Report) by 12.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,700 shares of the real estate investment trust's stock after selling 23,700 shares during the period. Bridgeway Capital Management LLC owned 0.30% of Getty Realty worth $5,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Getty Realty in the first quarter valued at approximately $9,507,000. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Getty Realty by 33.8% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust's stock valued at $28,410,000 after purchasing an additional 229,937 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Getty Realty by 23.5% in the 4th quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust's stock valued at $21,774,000 after acquiring an additional 137,427 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Getty Realty by 56.2% in the 4th quarter. Two Sigma Advisers LP now owns 360,000 shares of the real estate investment trust's stock valued at $10,847,000 after acquiring an additional 129,500 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Getty Realty by 21.0% in the 4th 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 last quarter. Institutional investors own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GTY shares. UBS Group lifted their target price on Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Wall Street Zen cut Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $32.67.

Getty Realty Stock Performance

Shares of Getty Realty stock traded down $0.17 during trading hours on Wednesday, reaching $28.47. The company had a trading volume of 39,857 shares, compared to its average volume of 365,095. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. Getty Realty Corporation has a one year low of $26.42 and a one year high of $33.85. The firm has a market cap of $1.61 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86. The business has a fifty day simple moving average of $28.01 and a 200 day simple moving average of $28.82.

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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. On average, analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio is currently 163.48%.

Getty Realty Company Profile