Getty Realty Corporation $GTY Shares Newly Bought by Sound Income Strategies LLC

Key Points

• Sound Income Strategies LLC acquired 656,844 Getty Realty shares worth approximately $18.3 million, giving it a 1.06% stake. Institutional investors collectively own 85.11% of the REIT.
• Getty Realty shares recently traded at $27.88, near the lower end of their 52-week range. The company reported quarterly revenue of $59.05 million, up 10.9% year over year, but earnings per share narrowly missed estimates.
• Getty Realty declared an annualized dividend of $1.94 per share, representing a 7.0% yield. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $35.75 target price.

Sound Income Strategies LLC bought a new stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 656,844 shares of the real estate investment trust's stock, valued at approximately $18,326,000. Sound Income Strategies LLC owned 1.06% of Getty Realty as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Getty Realty during the second quarter valued at approximately $344,815,000. Dimensional Fund Advisors LP grew its holdings in Getty Realty by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 802,609 shares of the real estate investment trust's stock worth $25,523,000 after buying an additional 39,683 shares in the last quarter. Bank of America Corp DE grew its holdings in Getty Realty by 75.8% in the 1st quarter. Bank of America Corp DE now owns 780,288 shares of the real estate investment trust's stock worth $24,813,000 after buying an additional 336,431 shares in the last quarter. Fidelity National Financial Inc. acquired a new stake in Getty Realty in the 2nd quarter valued at approximately $20,089,000. Finally, Congress Asset Management Co. increased its position in Getty Realty by 21.4% in the 3rd quarter. Congress Asset Management Co. now owns 549,989 shares of the real estate investment trust's stock valued at $15,532,000 after acquiring an additional 96,831 shares during the period. Institutional investors own 85.11% of the company's stock.

Getty Realty Price Performance

Shares of NYSE:GTY traded down $0.02 during trading hours on Friday, hitting $27.88. 447,319 shares of the company's stock traded hands, compared to its average volume of 536,198. The company's fifty day simple moving average is $31.46 and its two-hundred day simple moving average is $32.77. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.03 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. Getty Realty Corporation has a 52 week low of $25.39 and a 52 week high of $36.83.

Getty Realty (NYSE:GTY - Get Free Report) last released 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 the consensus estimate of $58.45 million. Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The company's quarterly 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. As a group, equities analysts anticipate that Getty Realty Corporation will post 2.45 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th were given a dividend of $0.4850 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Thursday, September 24th. Getty Realty's dividend payout ratio is 118.29%.

Analyst Ratings Changes

GTY has been the subject of a number of analyst reports. Huntington started coverage on Getty Realty in a research report on Wednesday, July 15th. They set an "outperform" rating and a $37.00 price target for the company. Citizens Jmp reiterated a "market outperform" rating and issued a $39.00 target price on shares of Getty Realty in a research report on Tuesday, September 1st. KeyCorp restated an "overweight" rating and set a $36.00 price target on shares of Getty Realty in a research report on Thursday, September 24th. Weiss Ratings cut shares of Getty Realty from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, September 24th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Getty Realty in a research note on Wednesday, September 23rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Getty Realty has an average rating of "Moderate Buy" and a consensus target price of $35.75.

Getty Realty Profile

Getty Realty Corp. NYSE: GTY is a real estate investment trust that owns, leases and develops properties used primarily for convenience stores, gasoline stations and automotive service businesses. The company's portfolio also includes properties supporting car washes, quick-service restaurants and other automotive-related activities.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are responsible for many property-level expenses such as taxes, insurance and maintenance.

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