Corient Private Wealth LP Acquires Shares of 93,482 Getty Realty Corporation $GTY

Key Points

• Corient Private Wealth LP acquired 93,482 Getty Realty shares during the second quarter, valued at approximately $3.12 million and representing about 0.15% of the REIT. Institutional investors collectively own 85.11% of GTY.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year, but EPS of $0.36 narrowly missed the $0.37 consensus estimate. The company issued full-year 2026 EPS guidance of $2.52–$2.54.
• The company declared a quarterly dividend of $0.485 per share, or $1.94 annually, implying a 6.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $35.29, versus a recent price of $32.41.

Corient Private Wealth LP bought a new position in Getty Realty Corporation (NYSE:GTY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 93,482 shares of the real estate investment trust's stock, valued at approximately $3,119,000. Corient Private Wealth LP owned approximately 0.15% of Getty Realty at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE bought a new position in shares of Getty Realty during the second quarter valued at $25,120,000. Jupiter Topco LLC bought a new position in Getty Realty in the 2nd quarter worth about $775,000. Hsbc Holdings PLC bought a new position in Getty Realty in the 2nd quarter worth about $4,508,000. Legal & General Group Plc purchased a new stake in Getty Realty during the 2nd quarter valued at about $11,467,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Getty Realty during the 2nd quarter valued at about $942,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Price Performance

NYSE GTY opened at $32.41 on Wednesday. Getty Realty Corporation has a one year low of $25.39 and a one year high of $36.83. The stock has a 50-day moving average of $33.95 and a 200 day moving average of $33.33. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 2.86 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $59.05 million for the quarter, compared to the consensus estimate of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The business's quarterly revenue was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. On average, sell-side analysts forecast that Getty Realty Corporation will post 2.45 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be given a dividend of $0.485 per share. The ex-dividend date is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a yield of 6.0%. Getty Realty's dividend payout ratio is 118.29%.

Analyst Ratings Changes

GTY has been the subject of a number of analyst reports. KeyCorp raised their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 14th. Citizens Jmp reiterated a "market outperform" rating and issued a $39.00 target price on shares of Getty Realty in a research note on Tuesday. Citigroup reiterated a "market outperform" rating on shares of Getty Realty in a report on Tuesday. Robert W. Baird raised their price target on shares of Getty Realty from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Getty Realty from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.29.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company's portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.

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