BROOKFIELD Corp ON Sells 148,254 Shares of Getty Realty Corporation $GTY

Key Points

• BROOKFIELD Corp ON has decreased its holdings in Getty Realty Corporation (GTY) by 29.8% in the first quarter, now owning approximately 349,189 shares valued at $10.88 million.
• Institutional investors collectively own 85.11% of Getty Realty stock, with notable activity including LPL Financial increasing its stake by 30.1%.
• Getty Realty recently updated its dividend to $0.47 per share with a yield of 6.6%, despite a payout ratio of 163.48%.

BROOKFIELD Corp ON decreased its holdings in Getty Realty Corporation (NYSE:GTY - Free Report) by 29.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 349,189 shares of the real estate investment trust's stock after selling 148,254 shares during the period. BROOKFIELD Corp ON owned about 0.63% of Getty Realty worth $10,888,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. UBS Group lifted 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 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 stock currently has an average rating of "Moderate Buy" and an average price target of $32.67.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $28.46 on Friday. The stock has a market capitalization of $1.61 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. 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 firm's 50 day moving average price is $28.03 and its 200-day moving average price is $28.80. Getty Realty Corporation has a twelve month low of $26.42 and a twelve month high of $33.85.

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 for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company 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. Equities research analysts expect that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

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 paid a dividend of $0.47 per share. The ex-dividend date is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.6%. Getty Realty's payout ratio is 163.48%.

Getty Realty Profile

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