Cubist Systematic Strategies LLC Invests $2.54 Million in Getty Realty Corporation $GTY

Key Points

• Cubist Systematic Strategies LLC invested approximately $2.54 million, acquiring 81,566 shares of Getty Realty Corporation, representing 0.15% ownership by the end of Q1.
• Several institutional investors have recently increased their positions in Getty Realty, including US Bancorp DE and Quarry LP, indicating growing institutional interest in the company.
• Getty Realty announced a quarterly dividend of $0.47 per share, yielding approximately 6.5%, with a dividend payout ratio of 163.48%.

Cubist Systematic Strategies LLC purchased a new position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 81,566 shares of the real estate investment trust's stock, valued at approximately $2,543,000. Cubist Systematic Strategies LLC owned 0.15% of Getty Realty at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. US Bancorp DE raised its position in shares of Getty Realty by 52.4% during the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 376 shares during the period. PNC Financial Services Group Inc. raised its stake in Getty Realty by 11.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 409 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Getty Realty by 0.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust's stock valued at $2,173,000 after acquiring an additional 519 shares in the last quarter. Cetera Investment Advisers raised its stake in Getty Realty by 4.7% during the 4th quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock valued at $375,000 after acquiring an additional 561 shares in the last quarter. Finally, Quarry LP raised its stake in Getty Realty by 32.1% during the 1st quarter. Quarry LP now owns 3,706 shares of the real estate investment trust's stock valued at $116,000 after acquiring an additional 900 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group lifted 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. Wall Street Zen downgraded Getty Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Getty Realty has an average rating of "Moderate Buy" and a consensus price target of $32.67.

Getty Realty Stock Up 0.6%

Shares of GTY stock opened at $28.81 on Friday. Getty Realty Corporation has a 1 year low of $26.42 and a 1 year high of $33.85. The stock has a market cap of $1.63 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86. The business's fifty day moving average is $27.98 and its 200-day moving average is $28.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98.

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 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 analysts expect that Getty Realty Corporation will post 2.29 earnings per share 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 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 6.5%. Getty Realty's dividend payout ratio (DPR) is 163.48%.

Getty Realty Profile

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