MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Trims Position in Getty Realty Corporation $GTY

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. cut its position in Getty Realty Corporation (NYSE:GTY - Free Report) by 20.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GTY. Nuveen LLC purchased a new stake in shares of Getty Realty in the first quarter worth $9,507,000. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Getty Realty by 33.8% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust's stock worth $28,410,000 after purchasing an additional 229,937 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Getty Realty by 56.2% in the fourth quarter. Two Sigma Advisers LP now owns 360,000 shares of the real estate investment trust's stock worth $10,847,000 after purchasing an additional 129,500 shares in the last quarter. Truvestments Capital LLC increased its stake in shares of Getty Realty by 34,222.5% in the first quarter. Truvestments Capital LLC now owns 109,832 shares of the real estate investment trust's stock worth $3,425,000 after purchasing an additional 109,512 shares in the last quarter. Finally, Castellan Group purchased a new stake in shares of Getty Realty in the first quarter worth $3,066,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GTY shares. Wall Street Zen cut shares of Getty Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. UBS Group raised 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. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

Getty Realty Price Performance

GTY stock opened at $28.24 on Thursday. Getty Realty Corporation has a 52 week low of $26.42 and a 52 week high of $33.85. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. The company has a fifty day simple moving average of $28.02 and a two-hundred day simple moving average of $28.81. The firm has a market capitalization of $1.60 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 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 the consensus estimate of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. Analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is 163.48%.

Getty Realty Profile

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