GSA Capital Partners LLP Acquires Shares of 45,430 Getty Realty Corporation $GTY

Key Points

• GSA Capital Partners acquired 45,430 Getty Realty shares worth approximately $1.52 million, representing about 0.07% of the REIT. Institutional investors collectively own 85.11% of GTY.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year, but earnings per share of $0.36 narrowly missed estimates. The stock opened at $33.25, within its $25.39–$36.83 one-year trading range.
• The company declared a quarterly dividend of $0.485 per share, or $1.94 annualized, yielding approximately 5.8%. Analysts maintain a Moderate Buy consensus with an average price target of $35.29.

GSA Capital Partners LLP acquired a new stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,430 shares of the real estate investment trust's stock, valued at approximately $1,516,000. GSA Capital Partners LLP owned about 0.07% of Getty Realty at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Avalon Trust Co bought a new position in Getty Realty during the 2nd quarter valued at approximately $40,000. Handelsbanken Fonder AB increased its stake in shares of Getty Realty by 9.8% during the second quarter. Handelsbanken Fonder AB now owns 20,216 shares of the real estate investment trust's stock valued at $674,000 after buying an additional 1,800 shares during the period. GAMMA Investing LLC raised its holdings in shares of Getty Realty by 19.1% during the second quarter. GAMMA Investing LLC now owns 8,991 shares of the real estate investment trust's stock valued at $300,000 after acquiring an additional 1,444 shares in the last quarter. Optiver Holding B.V. lifted its stake in Getty Realty by 380.2% in the first quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 1,232 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Getty Realty by 75.8% in the first quarter. Bank of America Corp DE now owns 780,288 shares of the real estate investment trust's stock valued at $24,813,000 after acquiring an additional 336,431 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Getty Realty Trading Up 0.2%

NYSE:GTY opened at $33.25 on Monday. The firm has a market capitalization of $2.06 billion, a P/E ratio of 20.28, a PEG ratio of 2.93 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. Getty Realty Corporation has a one year low of $25.39 and a one year high of $36.83. The company's 50-day simple moving average is $33.96 and its 200 day simple moving average is $33.09.

Getty Realty (NYSE:GTY - Get Free Report) last announced its 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 net margin of 42.74% and a return on equity of 9.27%. The business had revenue of $59.05 million for the quarter, compared to the consensus estimate of $58.45 million. The firm's revenue for the quarter 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. As a group, analysts forecast that Getty Realty Corporation will post 2.45 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.485 per share. The ex-dividend date is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a yield of 5.8%. Getty Realty's payout ratio is presently 118.29%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GTY. KeyCorp upped their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 14th. Huntington initiated coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They set an "outperform" rating and a $37.00 price target on the stock. Citizens Jmp increased their price target on shares of Getty Realty from $35.00 to $39.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of Getty Realty in a report on Friday, August 7th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Getty Realty in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Getty Realty currently has an average rating of "Moderate Buy" and a consensus 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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