Getty Realty Corporation $GTY Shares Sold by Renaissance Technologies LLC

Key Points

• Renaissance Technologies cut its Getty Realty stake by 62.3% in the first quarter, selling 142,403 shares and retaining 86,321 shares worth approximately $2.75 million. Institutional investors collectively own 85.11% of GTY.
• Getty Realty reported quarterly EPS of $0.36, slightly below the $0.37 consensus estimate, while revenue rose 10.9% year over year to $59.05 million. The company issued fiscal 2026 EPS guidance of $2.52–$2.54.
• The REIT declared a quarterly dividend of $0.485 per share, equivalent to an annualized $1.94 payout and a 5.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $35.29.

Renaissance Technologies LLC decreased its holdings in Getty Realty Corporation (NYSE:GTY - Free Report) by 62.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,321 shares of the real estate investment trust's stock after selling 142,403 shares during the quarter. Renaissance Technologies LLC owned 0.14% of Getty Realty worth $2,745,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new stake in Getty Realty during the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Getty Realty by 3,996.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 1,159 shares in the last quarter. Avalon Trust Co acquired a new position in shares of Getty Realty in the first quarter worth $38,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Getty Realty by 36.2% during 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, Danske Bank A S purchased a new stake in shares of Getty Realty during the fourth quarter worth $44,000. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Price Performance

Getty Realty stock opened at $33.41 on Monday. 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 company has a fifty day simple moving average of $33.92 and a 200-day simple moving average of $32.97. The stock has a market cap of $2.07 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 2.98 and a beta of 0.72. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $36.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $59.05 million during 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%. Getty Realty's revenue was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Equities analysts expect that Getty Realty Corporation will post 2.42 EPS for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, September 24th. Getty Realty's dividend payout ratio (DPR) is 118.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GTY shares. Robert W. Baird lifted their target price on Getty Realty from $34.00 to $36.00 and gave the company a "neutral" rating in a report on Thursday, July 23rd. Citigroup restated an "outperform" rating on shares of Getty Realty in a report on Thursday, July 23rd. KeyCorp increased their price target on Getty Realty from $33.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 14th. Weiss Ratings upgraded Getty Realty from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada boosted their price objective on Getty Realty from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Friday, July 24th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.29.

Getty Realty 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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