Callan Family Office LLC Takes $379,000 Position in Getty Realty Corporation $GTY

Key Points

• Callan Family Office LLC has acquired a new position in Getty Realty Corporation, purchasing 13,713 shares valued at approximately $379,000.
• Getty Realty recently declared a quarterly dividend of $0.47 per share, with an annualized dividend yield of 7.2%, despite a current payout ratio of 163.48%.
• Recent analyst reports indicate a consensus rating of "Moderate Buy" for Getty Realty, with a price target of $32.60.

Callan Family Office LLC acquired a new stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,713 shares of the real estate investment trust's stock, valued at approximately $379,000.

Other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. bought a new stake in Getty Realty during the first quarter worth $31,000. US Bancorp DE grew its holdings in Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock worth $34,000 after buying an additional 376 shares in the last quarter. Signaturefd LLC grew its holdings in Getty Realty by 111.3% during the second quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust's stock worth $38,000 after buying an additional 730 shares in the last quarter. Quarry LP grew its holdings in Getty Realty by 32.1% during the first quarter. Quarry LP now owns 3,706 shares of the real estate investment trust's stock worth $116,000 after buying an additional 900 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings 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 buying an additional 409 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

Getty Realty Stock Up 1.6%

Shares of NYSE GTY opened at $26.29 on Thursday. Getty Realty Corporation has a one year low of $25.39 and a one year high of $33.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The business's fifty day moving average price is $27.66 and its 200-day moving average price is $28.13. The stock has a market capitalization of $1.49 billion, a PE ratio of 22.86, a P/E/G ratio of 1.87 and a beta of 0.82.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The firm had revenue of $51.31 million for 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, equities research analysts anticipate that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, September 25th. Getty Realty's dividend payout ratio is currently 163.48%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GTY. Weiss Ratings reiterated a "hold (c)" rating on shares of Getty Realty in a report on Wednesday, October 8th. Wall Street Zen upgraded Getty Realty from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, UBS Group upped their price target on Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.60.

Getty Realty Profile

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