Getty Realty Corporation $GTY Holdings Raised by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in Getty Realty Corporation (GTY) by 53.9% in the first quarter, now holding 26,123 shares valued at approximately $815,000.
• Getty Realty reported earnings per share (EPS) of $0.59 for the latest quarter, falling short of the consensus estimate of $0.60, with a revenue of $51.31 million.
• The company declared a quarterly dividend of $0.47 per share, representing an annualized dividend of $1.88 and a dividend yield of 6.6%.

Jump Financial LLC raised its holdings in Getty Realty Corporation (NYSE:GTY - Free Report) by 53.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,123 shares of the real estate investment trust's stock after buying an additional 9,153 shares during the quarter. Jump Financial LLC's holdings in Getty Realty were worth $815,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GF Fund Management CO. LTD. purchased a new stake in Getty Realty in the fourth quarter valued at approximately $28,000. US Bancorp DE grew its stake in shares of Getty Realty by 52.4% during the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 376 shares during the period. PNC Financial Services Group Inc. increased 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 worth $123,000 after buying an additional 409 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Getty Realty in the 4th quarter worth $209,000. Finally, D.A. Davidson & CO. acquired a new stake in Getty Realty during the first quarter worth about $211,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Getty Realty Stock Up 0.4%

Shares of GTY stock traded up $0.12 on Thursday, hitting $28.42. The stock had a trading volume of 133,938 shares, compared to its average volume of 367,930. The stock's 50 day moving average is $27.94 and its 200-day moving average is $28.87. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 2.15 and a beta of 0.86. Getty Realty Corporation has a 52-week low of $26.42 and a 52-week high of $33.85. 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 (NYSE:GTY - Get Free Report) last released 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 analysts' expectations of $51.59 million. Getty Realty had a return on equity of 6.87% and a net margin of 31.62%. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. As a group, research analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The business 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio is 163.48%.

Getty Realty Profile