Cbre Investment Management Listed Real Assets LLC Purchases 229,937 Shares of Getty Realty Corporation $GTY

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its stake in Getty Realty Corporation by 33.8%, acquiring an additional 229,937 shares, bringing its total shares to 911,168.
• Getty Realty's recent quarterly earnings missed consensus estimates, reporting $0.59 EPS against a forecast of $0.60 EPS, with a revenue of $51.31 million.
• The company declared a quarterly dividend of $0.47 per share, which will yield 6.5%, with shareholders of record set to receive it on October 9th.

Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 33.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 911,168 shares of the real estate investment trust's stock after acquiring an additional 229,937 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 1.64% of Getty Realty worth $28,410,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GTY. Raymond James Financial Inc. bought a new stake in shares of Getty Realty during the 4th quarter valued at $886,000. Mariner LLC bought a new stake in shares of Getty Realty during the 4th quarter worth $228,000. Guggenheim Capital LLC lifted its position in shares of Getty Realty by 8.2% during the 4th quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock worth $248,000 after buying an additional 622 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Getty Realty by 3.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 107,597 shares of the real estate investment trust's stock worth $3,242,000 after buying an additional 3,633 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Getty Realty by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock worth $22,640,000 after buying an additional 10,552 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GTY has been the subject of several recent analyst reports. Wall Street Zen downgraded Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. KeyCorp lowered their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, UBS Group upped 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. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Getty Realty presently has an average rating of "Moderate Buy" and a consensus price target of $32.67.

Getty Realty Trading Down 1.4%

Shares of Getty Realty stock traded down $0.41 on Thursday, hitting $28.12. 48,797 shares of the company's stock traded hands, compared to its average volume of 369,609. Getty Realty Corporation has a one year low of $26.42 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 company has a fifty day moving average of $27.98 and a two-hundred day moving average of $28.95. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.13 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The business had revenue of $51.31 million for 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. As a group, sell-side analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

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

About Getty Realty