Getty Realty Corporation $GTY Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Getty Realty Corporation by 11.7%, acquiring an additional 53,531 shares, bringing its total ownership to 509,740 shares valued at approximately $15.9 million.
• Several institutional investors, including US Bancorp DE and Quarry LP, have also significantly increased their positions in Getty Realty, indicating growing institutional interest in the company.
• Getty Realty announced a quarterly dividend of $0.47 per share, which reflects a 6.5% annual yield, alongside a high dividend payout ratio of 163.48%.

Invesco Ltd. boosted its position in Getty Realty Corporation (NYSE:GTY - Free Report) by 11.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 509,740 shares of the real estate investment trust's stock after purchasing an additional 53,531 shares during the quarter. Invesco Ltd. owned about 0.92% of Getty Realty worth $15,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Getty Realty by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust's stock valued at $246,369,000 after purchasing an additional 37,695 shares during the last quarter. Brown Advisory Inc. raised its stake in Getty Realty by 0.7% in the 1st quarter. Brown Advisory Inc. now owns 778,816 shares of the real estate investment trust's stock valued at $24,283,000 after purchasing an additional 5,281 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Getty Realty by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock valued at $22,640,000 after purchasing an additional 10,552 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in Getty Realty by 21.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust's stock valued at $21,824,000 after purchasing an additional 125,491 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Getty Realty by 23.5% in the 4th quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust's stock valued at $21,774,000 after purchasing an additional 137,427 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on GTY shares. UBS Group boosted their target price on shares of Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. KeyCorp lowered their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, Wall Street Zen cut Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

Getty Realty Trading Down 0.4%

Shares of NYSE:GTY traded down $0.13 during trading on Thursday, reaching $28.41. 205,040 shares of the stock were exchanged, compared to its average volume of 332,995. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. Getty Realty Corporation has a 12-month low of $26.42 and a 12-month high of $33.85. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83. The firm's 50-day moving average price is $27.97 and its 200 day moving average price is $28.93.

Getty Realty (NYSE:GTY - Get Free Report) last issued 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). Getty Realty had a return on equity of 6.87% and a net margin of 31.62%.The firm had revenue of $51.31 million for the quarter, compared to analysts' expectations of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. On average, sell-side analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.6%. Getty Realty's payout ratio is presently 163.48%.

Getty Realty Company Profile