Fidelity National Financial Inc. Takes $20.09 Million Position in Getty Realty Corporation $GTY

Key Points

• Fidelity National Financial acquired 602,200 Getty Realty shares worth approximately $20.09 million, representing about 0.97% of GTY and 0.6% of Fidelity’s portfolio. Institutional investors collectively own 85.11% of the REIT.
• Analysts maintain a generally positive outlook, with six Buy ratings and three Holds. The stock has an average “Moderate Buy” rating and an average price target of $35.29.
• Getty Realty declared a quarterly dividend of $0.485 per share, or $1.94 annualized, implying a 5.9% yield. Recent quarterly revenue rose 10.9% year over year to $59.05 million, although earnings per share slightly missed estimates.

Fidelity National Financial Inc. acquired a new position in Getty Realty Corporation (NYSE:GTY - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 602,200 shares of the real estate investment trust's stock, valued at approximately $20,089,000. Getty Realty comprises approximately 0.6% of Fidelity National Financial Inc.'s holdings, making the stock its 14th biggest holding. Fidelity National Financial Inc. owned about 0.97% of Getty Realty at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GTY. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty in the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in Getty Realty by 3,996.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,159 shares in the last quarter. Avalon Trust Co purchased a new position in Getty Realty in the 1st quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 worth $43,000 after acquiring an additional 418 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in shares of Getty Realty during the second quarter valued at approximately $43,000. 85.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GTY has been the subject of several research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Getty Realty in a research report on Friday, August 7th. KeyCorp upped their price target on shares of Getty Realty from $33.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 14th. Huntington began coverage on shares of Getty Realty in a research note on Wednesday, July 15th. They set an "outperform" rating and a $37.00 target price on the stock. Robert W. Baird upped their target price on shares of Getty Realty from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Finally, Citizens Jmp boosted their price objective on Getty Realty from $35.00 to $39.00 and gave the company a "market outperform" rating in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $35.29.

Getty Realty Trading Down 0.3%

Shares of GTY stock opened at $32.96 on Wednesday. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $36.83. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95. The stock's 50-day moving average price is $33.96 and its 200-day moving average price is $33.14. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.93 and a beta of 0.72.

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

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 5.9%. The ex-dividend date is Thursday, September 24th. Getty Realty's payout ratio is currently 118.29%.

Getty Realty Company Profile

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.

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