Invesco Ltd. Has $15.89 Million Stock Holdings in Getty Realty Corporation $GTY

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. increased its position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 11.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 509,740 shares of the real estate investment trust's stock after acquiring an additional 53,531 shares during the period. 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GTY. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Getty Realty in the 1st quarter valued at approximately $272,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Getty Realty by 11.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 35,757 shares of the real estate investment trust's stock worth $1,115,000 after acquiring an additional 3,670 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Getty Realty by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust's stock worth $246,369,000 after purchasing an additional 37,695 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Getty Realty by 11.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 409 shares in the last quarter. Finally, Castellan Group acquired a new stake in shares of Getty Realty in the 1st quarter valued at $3,066,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

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

Getty Realty Stock Performance

GTY stock traded up $0.21 during trading on Wednesday, reaching $28.61. 83,126 shares of the stock were exchanged, compared to its average volume of 369,898. The stock has a 50 day simple moving average of $27.98 and a 200-day simple moving average of $28.95. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.62 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83. Getty Realty Corporation has a twelve month low of $26.42 and a twelve month high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The firm had revenue of $51.31 million for 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, sell-side analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be paid a $0.47 dividend. 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 dividend payout ratio (DPR) is 163.48%.

Getty Realty Company Profile