Getty Realty Corporation $GTY Shares Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth more than doubled its Getty Realty stake in the second quarter, increasing holdings by 111.2% to 95,590 shares worth approximately $3.19 million. Institutional investors and hedge funds collectively own 85.11% of GTY.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year, but EPS of $0.36 narrowly missed analyst expectations. The stock opened at $29.66, below its 50-day and 200-day moving averages.
• The company declared a quarterly dividend of $0.485 per share, or $1.94 annualized, representing a 6.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $35.29.

Corient Private Wealth LP increased its holdings in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 111.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,590 shares of the real estate investment trust's stock after buying an additional 50,338 shares during the period. Corient Private Wealth LP owned about 0.15% of Getty Realty worth $3,189,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. HB Wealth Management LLC lifted its holdings in Getty Realty by 3.1% during the 2nd quarter. HB Wealth Management LLC now owns 10,329 shares of the real estate investment trust's stock worth $345,000 after buying an additional 314 shares during the last quarter. Nykredit A S purchased a new stake in Getty Realty during the second quarter worth approximately $52,000. Triumph Capital Management acquired a new position in Getty Realty in the second quarter valued at approximately $72,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Getty Realty by 20,892.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 289,066 shares of the real estate investment trust's stock valued at $9,643,000 after buying an additional 287,689 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Getty Realty by 6.2% during the 2nd quarter. Van ECK Associates Corp now owns 16,202 shares of the real estate investment trust's stock worth $540,000 after acquiring an additional 946 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Up 0.1%

Shares of NYSE GTY opened at $29.66 on Monday. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $36.83. The company has a market capitalization of $1.84 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. The firm's 50-day moving average is $33.37 and its two-hundred day moving average is $33.25.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The company had revenue of $59.05 million during the quarter, compared to analysts' expectations of $58.45 million. The firm'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. Equities analysts anticipate that Getty Realty Corporation will post 2.45 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, September 24th. Getty Realty's dividend payout ratio is 118.29%.

Analyst Upgrades and Downgrades

GTY has been the topic of a number of research reports. Citizens Jmp restated a "market outperform" rating and set a $39.00 target price on shares of Getty Realty in a research report on Tuesday, September 1st. Royal Bank Of Canada raised their price target on Getty Realty from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, July 24th. Robert W. Baird upped their price objective on Getty Realty from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Huntington assumed coverage on Getty Realty in a research report on Wednesday, July 15th. They set an "outperform" rating and a $37.00 price objective for the company. Finally, Citigroup reiterated a "market outperform" rating on shares of Getty Realty in a research note on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.29.

About Getty Realty

Getty Realty Corp. NYSE: GTY is a real estate investment trust that owns, leases and develops convenience store and automotive service properties. The company primarily invests in properties operated by convenience stores, gas stations, automotive repair businesses, car washes, tire and service centers, and other automotive-related retailers.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property taxes, insurance, maintenance and other operating costs.

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