Goldman Sachs Group Inc. Has $7.04 Million Holdings in Getty Realty Corporation $GTY

Key Points

• Goldman Sachs Group Inc. reduced its stake in Getty Realty Corporation by 32.1%, selling 106,623 shares and retaining 225,917 shares, valued at approximately $7 million.
• Getty Realty recently reported EPS of $0.59 for the quarter, slightly below the consensus estimate, and announced a quarterly dividend of $0.47, reflecting a 6.7% yield.
• UBS Group raised its price target on Getty Realty shares from $28 to $30, with analysts giving the stock a consensus rating of "Moderate Buy" based on a target price of $32.67.

Goldman Sachs Group Inc. reduced its holdings in Getty Realty Corporation (NYSE:GTY - Free Report) by 32.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,917 shares of the real estate investment trust's stock after selling 106,623 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.41% of Getty Realty worth $7,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of Getty Realty by 23.5% in the fourth quarter. Bank of America Corp DE now owns 226,480 shares of the real estate investment trust's stock worth $6,824,000 after acquiring an additional 43,073 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Getty Realty during the 4th quarter worth approximately $209,000. Cetera Investment Advisers raised its position in shares of Getty Realty by 4.7% during the 4th quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock worth $375,000 after purchasing an additional 561 shares during the period. Deutsche Bank AG grew its holdings in Getty Realty by 31.2% in the 4th quarter. Deutsche Bank AG now owns 65,166 shares of the real estate investment trust's stock worth $1,963,000 after buying an additional 15,479 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in Getty Realty in the 4th quarter worth approximately $813,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analyst Ratings Changes

GTY has been the subject of a number of research reports. UBS Group increased their price target on Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Wall Street Zen upgraded Getty Realty from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.60.

Getty Realty Price Performance

GTY traded down $0.08 during midday trading on Friday, reaching $27.70. 117,518 shares of the company's stock were exchanged, compared to its average volume of 362,661. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 2.09 and a beta of 0.86. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a one year low of $26.42 and a one year high of $33.85. The business has a 50-day simple moving average of $28.07 and a two-hundred day simple moving average of $28.68.

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 analysts' consensus estimates of $0.60 by ($0.01). The firm had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. As a group, research analysts predict that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's payout ratio is currently 163.48%.

Getty Realty Company Profile