Dean Capital Management Grows Stock Holdings in Getty Realty Corporation $GTY

Key Points

• Dean Capital Management increased its stake in Getty Realty Corporation by 38.2%, bringing its total shares to 54,458 worth approximately $1.7 million.
• Getty Realty reported earnings per share of $0.59 for the last quarter, which was below analysts' expectations of $0.60, while revenue was slightly under estimates at $51.31 million.
• The company announced a quarterly dividend of $0.47, yielding 6.6%, although its payout ratio stands at a high 163.48%.

Dean Capital Management lifted its position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 38.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,458 shares of the real estate investment trust's stock after buying an additional 15,066 shares during the quarter. Dean Capital Management owned approximately 0.10% of Getty Realty worth $1,698,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. US Bancorp DE lifted its stake 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 valued at $34,000 after buying an additional 376 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of 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 buying an additional 409 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of 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 buying an additional 519 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of 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 buying an additional 561 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of 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 buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Down 0.8%

Shares of GTY stock opened at $28.63 on Tuesday. The stock has a market cap of $1.62 billion, a P/E ratio of 24.89, a PEG ratio of 2.17 and a beta of 0.86. Getty Realty Corporation has a 52 week low of $26.42 and a 52 week high of $33.85. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. The company's fifty day simple moving average is $28.00 and its two-hundred day simple moving average is $28.82.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share 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 business 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. Analysts predict that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on GTY. Wall Street Zen cut shares of Getty Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. UBS Group boosted their price target on shares of Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Getty Realty currently has an average rating of "Moderate Buy" and a consensus target price of $32.67.

Getty Realty Profile

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