Getty Realty Corporation $GTY Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has reduced its stake in Getty Realty Corporation by 20.6%, owning approximately 224,788 shares valued at about $7 million after selling 58,368 shares.
• Institutional investors hold 85.11% of Getty Realty's stock, with significant increases from firms like Cbre Investment Management and Truvestments Capital.
• Getty Realty's recent quarterly earnings showed an EPS of $0.59, slightly below the consensus estimate of $0.60, alongside an annualized dividend of $1.88 with a yield of 6.7%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in Getty Realty Corporation (NYSE:GTY - Free Report) by 20.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 224,788 shares of the real estate investment trust's stock after selling 58,368 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.41% of Getty Realty worth $7,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in Getty Realty in the first quarter valued at $31,000. Amundi increased its holdings in Getty Realty by 12.7% in the first 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 in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Getty Realty in the first quarter valued at $2,543,000. Quarry LP increased its holdings in Getty Realty by 32.1% in the first quarter. Quarry LP now owns 3,706 shares of the real estate investment trust's stock valued at $116,000 after buying an additional 900 shares in the last quarter. Finally, Beck Bode LLC increased its holdings in Getty Realty by 7.4% in the first quarter. Beck Bode LLC now owns 46,957 shares of the real estate investment trust's stock valued at $1,464,000 after buying an additional 3,226 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on GTY. Wall Street Zen raised shares of Getty Realty from a "sell" rating to a "hold" rating in a report on Saturday. UBS Group boosted their target price 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Getty Realty has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

Getty Realty Price Performance

NYSE GTY traded down $0.40 during trading hours on Tuesday, hitting $27.73. 227,569 shares of the company's stock traded hands, compared to its average volume of 278,556. Getty Realty Corporation has a 52-week low of $26.42 and a 52-week high of $33.85. The company has a market capitalization of $1.57 billion, a PE ratio of 24.11, a PEG ratio of 2.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The firm's 50-day moving average is $28.05 and its 200-day moving average is $28.71.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings data 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 business 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. Equities analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm 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 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio is currently 163.48%.

About Getty Realty