Getty Realty Corporation $GTY Stock Position Lowered by Millennium Management LLC

Key Points

• Millennium Management LLC has reduced its holdings in Getty Realty Corporation (GTY) by 19.1%, bringing its ownership to approximately 1.51% worth about $26.15 million.
• Getty Realty recently declared a quarterly dividend of $0.47 per share, representing an annualized dividend of $1.88 and a yield of 6.6%.
• Analysts have varied opinions on Getty Realty, with target price estimates ranging from $28.00 to $32.67, reflecting a consensus average rating of "Moderate Buy."

Millennium Management LLC decreased its position in Getty Realty Corporation (NYSE:GTY - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 838,796 shares of the real estate investment trust's stock after selling 198,353 shares during the quarter. Millennium Management LLC owned 1.51% of Getty Realty worth $26,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Getty Realty in the first quarter valued at $31,000. Amundi grew its holdings in Getty Realty by 12.7% in the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust's stock valued at $930,000 after buying an additional 3,463 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Getty Realty in the 1st quarter worth $2,543,000. Quarry LP grew its holdings in shares of Getty Realty by 32.1% during the 1st quarter. Quarry LP now owns 3,706 shares of the real estate investment trust's stock worth $116,000 after purchasing an additional 900 shares in the last quarter. Finally, Beck Bode LLC boosted its position in shares of Getty Realty by 7.4% during the 1st quarter. Beck Bode LLC now owns 46,957 shares of the real estate investment trust's stock valued at $1,464,000 after acquiring an additional 3,226 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Stock Up 1.0%

GTY stock traded up $0.28 during trading on Wednesday, reaching $28.04. 40,109 shares of the company traded hands, compared to its average volume of 362,532. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85. The business has a 50 day simple moving average of $28.05 and a 200 day simple moving average of $28.71. 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 company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly 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). The business 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. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is presently 163.48%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. UBS Group upped their price target on shares of Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Wall Street Zen upgraded shares of Getty Realty from a "sell" rating to a "hold" rating in a report on Saturday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.67.

Getty Realty Profile