Getty Realty Corporation $GTY Holdings Raised by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Getty Realty Corporation by 30.1%, acquiring 20,473 shares, bringing its total ownership to 88,476 shares valued at approximately $2.76 million.
• Analyst reports reveal mixed sentiments on Getty Realty, with one firm downgrading it to a sell rating, while others maintain neutral or buy ratings, reflecting diversity in investor confidence.
• Getty Realty recently declared a quarterly dividend of $0.47 per share, equating to an annualized yield of 6.7%, despite a high dividend payout ratio of 163.48%.

LPL Financial LLC increased its stake in Getty Realty Corporation (NYSE:GTY - Free Report) by 30.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,476 shares of the real estate investment trust's stock after buying an additional 20,473 shares during the period. LPL Financial LLC owned about 0.16% of Getty Realty worth $2,759,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GTY. GF Fund Management CO. LTD. bought a new stake in Getty Realty during the fourth quarter valued at $28,000. Sterling Capital Management LLC increased its stake in Getty Realty by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,413 shares during the last quarter. Quarry LP increased its stake in Getty Realty by 468.0% during the fourth quarter. Quarry LP now owns 2,806 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 2,312 shares during the last quarter. Captrust Financial Advisors bought a new stake in Getty Realty during the fourth quarter valued at $209,000. Finally, D.A. Davidson & CO. bought a new stake in Getty Realty during the first quarter valued at $211,000. Institutional investors own 85.11% of the company's stock.

Getty Realty Stock Performance

Shares of GTY traded up $0.0840 during midday trading on Friday, hitting $28.8340. 331,004 shares of the stock traded hands, compared to its average volume of 365,600. Getty Realty Corporation has a 1-year low of $26.42 and a 1-year high of $33.85. The firm has a market capitalization of $1.63 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. The business's 50 day moving average price is $27.99 and its two-hundred day moving average price is $29.01.

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). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The firm had revenue of $51.31 million for the quarter, compared to analyst estimates of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. Equities research analysts predict that Getty Realty Corporation will post 2.29 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 9th. Investors of record on Thursday, September 25th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Thursday, September 25th. Getty Realty's payout ratio is currently 163.48%.

Analyst Upgrades and Downgrades

GTY has been the subject of several recent research reports. KeyCorp lowered their target price on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird lowered their target price on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. 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. Finally, Wall Street Zen lowered shares of Getty Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.67.

Getty Realty Company Profile