EntryPoint Capital LLC Takes $308,000 Position in Getty Realty Corporation $GTY

Key Points

• EntryPoint Capital LLC acquired 9,889 shares of Getty Realty Corporation (GTY), valued at approximately $308,000, during the first quarter.
• Getty Realty declared a quarterly dividend of $0.47, with a dividend yield of 6.6%, scheduled for payment on October 9th.
• Recently, analysts have adjusted their price targets for Getty Realty, with an average target of $32.67, reflecting diverse ratings ranging from "Buy" to "Sell."

EntryPoint Capital LLC bought a new stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,889 shares of the real estate investment trust's stock, valued at approximately $308,000.

Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Getty Realty in the fourth quarter worth about $886,000. Sterling Capital Management LLC boosted its position in shares of Getty Realty by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock worth $48,000 after buying an additional 1,413 shares during the period. Mariner LLC purchased a new stake in shares of Getty Realty in the fourth quarter valued at approximately $228,000. Guggenheim Capital LLC raised its position in shares of Getty Realty by 8.2% in the 4th quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock worth $248,000 after buying an additional 622 shares during the period. Finally, Jump Financial LLC grew its stake in Getty Realty by 9.3% in the fourth quarter. Jump Financial LLC now owns 16,970 shares of the real estate investment trust's stock worth $511,000 after purchasing an additional 1,446 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Price Performance

Shares of Getty Realty stock traded up $0.12 on Wednesday, reaching $28.52. The stock had a trading volume of 29,769 shares, compared to its average volume of 369,560. The business's 50 day moving average is $27.98 and its two-hundred day moving average is $28.95. The company has a market cap of $1.61 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a 1 year low of $26.42 and a 1 year high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last issued its 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). The firm 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, research analysts anticipate that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.6%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio is presently 163.48%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GTY. Wall Street Zen lowered shares of Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. UBS Group lifted their price objective on shares of Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Finally, KeyCorp cut their target price on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Three investment 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, the company has an average rating of "Moderate Buy" and an average price target of $32.67.

About Getty Realty