Getty Realty Corporation $GTY Holdings Raised by Cbre Investment Management Listed Real Assets LLC

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 boosted its holdings in Getty Realty Corporation (NYSE:GTY - Free Report) by 33.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 911,168 shares of the real estate investment trust's stock after buying an additional 229,937 shares during the period. Cbre Investment Management Listed Real Assets LLC owned approximately 1.64% of Getty Realty worth $28,410,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. AlphaQuest LLC raised its stake in shares of Getty Realty by 46.4% during the first quarter. AlphaQuest LLC now owns 52,308 shares of the real estate investment trust's stock valued at $1,631,000 after purchasing an additional 16,583 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Getty Realty during the first quarter worth approximately $308,000. Hsbc Holdings PLC grew its position in shares of Getty Realty by 19.1% during the first quarter. Hsbc Holdings PLC now owns 50,128 shares of the real estate investment trust's stock worth $1,563,000 after buying an additional 8,048 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Getty Realty by 110.4% during the first quarter. Quantbot Technologies LP now owns 68,916 shares of the real estate investment trust's stock worth $2,149,000 after buying an additional 36,161 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Getty Realty by 4.2% during the first quarter. Northern Trust Corp now owns 753,057 shares of the real estate investment trust's stock worth $23,480,000 after buying an additional 30,403 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Performance

Shares of GTY traded up $0.16 during midday trading on Wednesday, hitting $28.56. 359,096 shares of the stock traded hands, compared to its average volume of 371,596. Getty Realty Corporation has a 1-year low of $26.42 and a 1-year high of $33.85. The firm has a market capitalization of $1.62 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. The business's 50 day moving average price is $27.98 and its two-hundred day moving average price is $28.95.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (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 firm had revenue of $51.31 million for the quarter, compared to analyst estimates of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. Equities research analysts predict that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GTY shares. 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 price objective on shares of Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Finally, KeyCorp decreased their price objective on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $32.67.

Getty Realty Profile