Kayne Anderson Rudnick Investment Management LLC Increases Holdings in Getty Realty Corporation $GTY

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 grew 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 purchasing an additional 40,120 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 6.80% of Getty Realty worth $117,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GTY. Vanguard Group Inc. increased its position in Getty Realty by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust's stock valued at $246,369,000 after buying an additional 37,695 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in Getty Realty by 33.8% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust's stock valued at $28,410,000 after acquiring an additional 229,937 shares during the period. Brown Advisory Inc. increased its holdings in shares of Getty Realty by 0.7% during the first quarter. Brown Advisory Inc. now owns 778,816 shares of the real estate investment trust's stock valued at $24,283,000 after acquiring an additional 5,281 shares in the last quarter. Northern Trust Corp raised its position in shares of Getty Realty by 4.2% during the first quarter. Northern Trust Corp now owns 753,057 shares of the real estate investment trust's stock worth $23,480,000 after purchasing an additional 30,403 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Getty Realty by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock worth $22,640,000 after purchasing an additional 10,552 shares during the period. Institutional investors own 85.11% of the company's stock.

Getty Realty Stock Up 0.6%

NYSE:GTY traded up $0.16 during trading hours on Wednesday, hitting $28.56. 359,096 shares of the company traded hands, compared to its average volume of 336,751. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. The firm's 50-day simple moving average is $27.98 and its 200-day simple moving average is $28.95. Getty Realty Corporation has a one year low of $26.42 and a one year high of $33.85. The company has a market cap of $1.62 billion, a PE ratio of 24.83, a PEG ratio of 2.13 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted 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). Getty Realty had a return on equity of 6.87% and a net margin of 31.62%.The firm had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. Equities analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be paid a $0.47 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.88 annualized dividend and a yield of 6.6%. Getty Realty's dividend payout ratio (DPR) is 163.48%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GTY. KeyCorp decreased their price target 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. Wall Street Zen cut shares of Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, UBS Group boosted their target price on shares of Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

Getty Realty Company Profile