Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Getty Realty Corporation $GTY

Key Points

• Mitsubishi UFJ Asset Management acquired 48,164 Getty Realty shares worth approximately $1.61 million, while institutional investors collectively own 85.11% of GTY.
• Analysts maintain a positive outlook, with six Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $35.29.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year, though EPS of $0.36 narrowly missed estimates. The REIT declared a quarterly dividend of $0.485 per share, implying a 5.9% annualized yield.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Getty Realty Corporation (NYSE:GTY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 48,164 shares of the real estate investment trust's stock, valued at approximately $1,607,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.08% of Getty Realty at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Advisors Asset Management Inc. purchased a new stake in Getty Realty in the first quarter valued at $31,000. EverSource Wealth Advisors LLC raised its stake in shares of Getty Realty by 3,996.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,159 shares during the last quarter. Avalon Trust Co acquired a new position in shares of Getty Realty in the 1st quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Getty Realty by 36.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 418 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Getty Realty in the second quarter worth about $43,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GTY shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Getty Realty in a report on Friday, August 7th. Huntington initiated coverage on Getty Realty in a research report on Wednesday, July 15th. They issued an "outperform" rating and a $37.00 price objective on the stock. Citizens Jmp raised their price objective on shares of Getty Realty from $35.00 to $39.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 23rd. Citigroup reaffirmed an "outperform" rating on shares of Getty Realty in a report on Thursday, July 23rd. Finally, KeyCorp boosted their target price on shares of Getty Realty from $33.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.29.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $33.16 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95. Getty Realty Corporation has a twelve month low of $25.39 and a twelve month high of $36.83. The business has a 50-day moving average price of $33.94 and a 200 day moving average price of $33.19. The firm has a market cap of $2.05 billion, a PE ratio of 20.22, a P/E/G ratio of 2.94 and a beta of 0.72.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The business had revenue of $59.05 million for the quarter, compared to analysts' expectations of $58.45 million. The company's quarterly revenue was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Sell-side analysts predict that Getty Realty Corporation will post 2.45 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be given a dividend of $0.485 per share. The ex-dividend date is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.9%. Getty Realty's dividend payout ratio (DPR) is 118.29%.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company's portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.

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