Getty Realty Corporation $GTY Shares Bought by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Getty Realty Corporation by 1.1% during Q1, owning 3,770,092 shares valued at approximately $117.5 million.
• Several institutional investors, including Jump Financial LLC and Cbre Investment Management, significantly raised their stakes in Getty Realty, indicating strong interest in the company among hedge funds.
• Getty Realty recently reported earnings per share of $0.59, which fell short of analyst expectations, and has declared a quarterly dividend with a yield of 6.5%.

Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,770,092 shares of the real estate investment trust's stock after buying an additional 40,120 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 6.80% of Getty Realty worth $117,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GTY. US Bancorp DE grew its position in shares of Getty Realty by 52.4% in the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 376 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Getty Realty by 11.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 409 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Getty Realty by 0.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust's stock valued at $2,173,000 after purchasing an additional 519 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Getty Realty by 4.7% in the fourth quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock valued at $375,000 after purchasing an additional 561 shares during the last quarter. Finally, Guggenheim Capital LLC grew its position in shares of Getty Realty by 8.2% in the fourth quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock valued at $248,000 after purchasing an additional 622 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports 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 target on shares of Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Finally, KeyCorp decreased their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.67.

Getty Realty Stock Up 0.5%

Getty Realty stock traded up $0.15 during midday trading on Friday, hitting $28.57. 65,028 shares of the stock were exchanged, compared to its average volume of 368,706. Getty Realty Corporation has a 1 year low of $26.42 and a 1 year high of $33.85. The firm has a market cap of $1.62 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.14 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. The company has a 50 day moving average price of $27.97 and a two-hundred day moving average price of $28.93.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $51.31 million for the quarter, compared to analyst estimates 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. On average, sell-side analysts predict that Getty Realty Corporation will post 2.29 earnings per share 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. Shareholders 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 of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is currently 163.48%.

Getty Realty Company Profile