Caxton Associates LLP Makes New Investment in Getty Realty Corporation $GTY

Key Points

• Caxton Associates LLP has acquired 10,639 shares of Getty Realty Corporation, valued at approximately $332,000, as part of their new investment strategy in the first quarter.
• Getty Realty's recent earnings report indicated an EPS of $0.59, slightly missing analysts' expectations, while the firm has set a FY 2025 EPS guidance of 2.400-2.41.
• The company announced a quarterly dividend of $0.47 per share, reflecting an annualized yield of 6.7%, with a dividend payout ratio currently at 163.48%.

Caxton Associates LLP bought a new position in Getty Realty Corporation (NYSE:GTY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,639 shares of the real estate investment trust's stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC lifted 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 buying an additional 20,473 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Getty Realty during the 1st quarter valued at $211,000. GAMMA Investing LLC boosted its stake in Getty Realty by 3,339.0% during the 1st quarter. GAMMA Investing LLC now owns 51,104 shares of the real estate investment trust's stock valued at $1,639,000 after purchasing an additional 49,618 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Getty Realty by 21.8% during the 1st quarter. Teacher Retirement System of Texas now owns 44,950 shares of the real estate investment trust's stock valued at $1,402,000 after purchasing an additional 8,056 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Getty Realty by 417.1% during the 1st quarter. SG Americas Securities LLC now owns 23,415 shares of the real estate investment trust's stock valued at $730,000 after purchasing an additional 18,887 shares during the last quarter. Institutional investors own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

GTY has been the topic of several recent analyst reports. Wall Street Zen upgraded Getty Realty from a "sell" rating to a "hold" rating in a research note on Saturday. UBS Group increased their target price 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 analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

Getty Realty Trading Down 0.8%

NYSE:GTY opened at $28.26 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85. The company has a market cap of $1.60 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. The company has a 50 day simple moving average of $28.03 and a two-hundred day simple moving average of $28.78.

Getty Realty (NYSE:GTY - Get Free Report) last posted its 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 return on equity of 6.87% and a net margin of 31.62%.The company had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. Research analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

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

About Getty Realty

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