Deutsche Bank AG Purchases New Shares in Getty Realty Corporation $GTY

Key Points

• Deutsche Bank acquired 89,291 Getty Realty shares worth approximately $2.98 million, giving it a 0.14% stake. Institutional investors and hedge funds collectively own 85.11% of GTY.
• Analysts maintain a generally positive outlook, with six Buy ratings and three Holds. Getty Realty has a consensus “Moderate Buy” rating and an average price target of $35.29.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year, but earnings of $0.36 per share slightly missed estimates. The REIT declared a quarterly dividend of $0.485, equivalent to a 5.8% annualized yield.

Deutsche Bank AG acquired a new stake in Getty Realty Corporation (NYSE:GTY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 89,291 shares of the real estate investment trust's stock, valued at approximately $2,979,000. Deutsche Bank AG owned approximately 0.14% of Getty Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in shares of Getty Realty in the 1st quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its position in Getty Realty by 3,996.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,159 shares in the last quarter. Avalon Trust Co purchased a new position in Getty Realty during the first quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Getty Realty by 36.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 418 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in Getty Realty in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GTY. KeyCorp upped their target price on Getty Realty from $33.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 14th. Huntington started coverage on shares of Getty Realty in a report on Wednesday, July 15th. They issued an "outperform" rating and a $37.00 price target for the company. Robert W. Baird upped their price objective on shares of Getty Realty from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Royal Bank Of Canada increased their price objective on shares of Getty Realty from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, July 24th. Finally, Citizens Jmp boosted their target price on shares of Getty Realty from $35.00 to $39.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Getty Realty presently has a consensus rating of "Moderate Buy" and an average price target of $35.29.

Getty Realty Trading Down 0.8%

Shares of GTY opened at $33.25 on Thursday. Getty Realty Corporation has a 52-week low of $25.39 and a 52-week high of $36.83. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95. The firm's fifty day moving average is $33.97 and its two-hundred day moving average is $33.28. The stock has a market cap of $2.06 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.96 and a beta of 0.72.

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

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be issued a $0.485 dividend. The ex-dividend date is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a yield of 5.8%. Getty Realty's dividend payout ratio is presently 118.29%.

About Getty Realty

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.

Want to see what other hedge funds are holding GTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Getty Realty Corporation (NYSE:GTY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source