Getty Realty Corporation $GTY Stock Acquired by Congress Asset Management Co.

Key Points

• Congress Asset Management increased its Getty Realty stake by 21.4% in the third quarter, bringing its holdings to 549,989 shares worth approximately $15.5 million. Institutional investors collectively own 85.11% of the REIT.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year, but earnings per share of $0.36 fell short of the $0.37 analyst consensus. The company announced a quarterly dividend of $0.485, representing a 7.0% annualized yield.
• Analysts maintain a generally positive view, with six Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $35.75 versus the reported share price of $27.89.

Congress Asset Management Co. lifted its position in Getty Realty Corporation (NYSE:GTY - Free Report) by 21.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 549,989 shares of the real estate investment trust's stock after purchasing an additional 96,831 shares during the quarter. Congress Asset Management Co. owned approximately 0.89% of Getty Realty worth $15,532,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of Getty Realty by 51.7% during the third quarter. Versant Capital Management Inc now owns 3,079 shares of the real estate investment trust's stock worth $87,000 after acquiring an additional 1,050 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Getty Realty during the 2nd quarter worth $607,000. Integrated Wealth Concepts LLC acquired a new position in Getty Realty in the second quarter valued at $67,000. Baird Financial Group Inc. purchased a new stake in shares of Getty Realty in the second quarter valued at about $246,000. Finally, Allworth Financial LP boosted its stake in shares of Getty Realty by 3.0% during the second quarter. Allworth Financial LP now owns 20,308 shares of the real estate investment trust's stock worth $677,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Trading Up 0.1%

NYSE:GTY opened at $27.89 on Wednesday. The stock has a fifty day moving average price of $31.73 and a two-hundred day moving average price of $32.84. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.06 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 1 year low of $25.39 and a 1 year high of $36.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The company had revenue of $59.05 million for the quarter, compared to analyst estimates of $58.45 million. The firm's 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, sell-side analysts anticipate that Getty Realty Corporation will post 2.45 earnings per share 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 paid a $0.4850 dividend. This represents a $1.94 annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, September 24th. Getty Realty's dividend payout ratio is presently 118.29%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GTY. Deutsche Bank Aktiengesellschaft set a $39.00 target price on Getty Realty in a research note on Wednesday, September 23rd. KeyCorp reaffirmed an "overweight" rating and set a $36.00 price target on shares of Getty Realty in a report on Thursday, September 24th. Citigroup reiterated a "market outperform" rating on shares of Getty Realty in a research report on Wednesday, September 23rd. Citizens Jmp restated a "market outperform" rating and set a $39.00 price objective on shares of Getty Realty in a research report on Tuesday, September 1st. Finally, Weiss Ratings cut shares of Getty Realty from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, September 24th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Getty Realty currently has a consensus rating of "Moderate Buy" and an average price target 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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