Entropy Technologies LP Invests $323,000 in Getty Realty Corporation $GTY

Key Points

• Entropy Technologies LP invested $323,000 in Getty Realty Corporation by acquiring 10,367 shares, indicating growing institutional interest in the real estate investment trust.
• Recent analyst reports reflect a mixed outlook for Getty Realty, with price targets adjusted from $35 to $33 and a consensus rating of "Hold" among analysts.
• Getty Realty announced a quarterly dividend of $0.47 per share, representing an annual yield of 6.7%, despite its high dividend payout ratio of 163.48%.

Entropy Technologies LP purchased a new position in Getty Realty Corporation (NYSE:GTY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,367 shares of the real estate investment trust's stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GTY. BROOKFIELD Corp ON purchased a new stake in Getty Realty in the fourth quarter worth $14,988,000. Marshall Wace LLP lifted its position in Getty Realty by 78.8% during the fourth quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust's stock valued at $15,435,000 after buying an additional 225,752 shares during the period. Northern Trust Corp lifted its position in Getty Realty by 23.5% during the fourth quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust's stock valued at $21,774,000 after buying an additional 137,427 shares during the period. Two Sigma Advisers LP lifted its position in Getty Realty by 56.2% during the fourth quarter. Two Sigma Advisers LP now owns 360,000 shares of the real estate investment trust's stock valued at $10,847,000 after buying an additional 129,500 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in Getty Realty by 21.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust's stock valued at $21,824,000 after buying an additional 125,491 shares during the period. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Performance

NYSE GTY traded up $0.3050 during trading hours on Tuesday, hitting $28.1650. The company's stock had a trading volume of 38,427 shares, compared to its average volume of 371,802. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85. The company's 50 day simple moving average is $28.03 and its two-hundred day simple moving average is $29.04. The company has a market cap of $1.59 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. Getty Realty had a return on equity of 6.87% and a net margin of 31.62%. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. As a group, sell-side analysts expect that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's payout ratio is presently 163.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group raised their price objective on Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Friday. KeyCorp lowered their price objective on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Robert W. Baird lowered their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen downgraded Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.67.

Getty Realty Company Profile