Hsbc Holdings PLC Purchases 34,296 Shares of Getty Realty Corporation $GTY

Hsbc Holdings PLC boosted its position in Getty Realty Corporation (NYSE:GTY - Free Report) by 34.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,875 shares of the real estate investment trust's stock after purchasing an additional 34,296 shares during the quarter. Hsbc Holdings PLC owned about 0.22% of Getty Realty worth $4,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of GTY. Wellington Management Group LLP increased its holdings in shares of Getty Realty by 2.0% in the second quarter. Wellington Management Group LLP now owns 240,537 shares of the real estate investment trust's stock worth $8,024,000 after purchasing an additional 4,668 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Getty Realty during the second quarter worth about $2,189,000. Corient Private Wealth LP purchased a new position in Getty Realty during the second quarter worth about $3,119,000. Bank of America Corp DE bought a new position in Getty Realty in the 2nd quarter worth about $25,120,000. Finally, Jupiter Topco LLC bought a new position in Getty Realty in the 2nd quarter worth about $775,000. 85.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GTY. Royal Bank Of Canada lifted their price target on Getty Realty from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday, July 24th. Citizens Jmp reiterated a "market outperform" rating and set a $39.00 target price on shares of Getty Realty in a research report on Tuesday, September 1st. KeyCorp boosted their price target on shares of Getty Realty from $33.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 14th. Weiss Ratings raised shares of Getty Realty from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday. Finally, Citigroup restated a "market outperform" rating on shares of Getty Realty in a research report on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $35.29.

Getty Realty Stock Down 0.9%

Shares of NYSE:GTY opened at $32.45 on Friday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 2.89 and a beta of 0.72. The stock's 50-day moving average price is $33.77 and its 200-day moving average price is $33.32. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95. 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 issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $59.05 million for 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%. The business'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. On average, equities analysts anticipate that Getty Realty Corporation will post 2.45 earnings per share for the current year.

Getty Realty Announces Dividend

The company 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 $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, September 24th. Getty Realty's payout ratio is presently 118.29%.

About Getty Realty

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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