NFJ Investment Group LLC Has $8.48 Million Stock Position in Getty Realty Corporation $GTY

Key Points

• NFJ Investment Group LLC reduced its stake in Getty Realty Corporation by 5.0%, now owning approximately 271,867 shares valued at $8.48 million.
• Getty Realty reported quarterly earnings of $0.59 per share, slightly missing analyst expectations, with revenue of $51.31 million compared to estimates of $51.59 million.
• The company recently announced a quarterly dividend of $0.47, resulting in an annualized yield of 6.6%, although its payout ratio stands at a high 163.48%.

NFJ Investment Group LLC lowered its holdings in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 5.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,867 shares of the real estate investment trust's stock after selling 14,414 shares during the period. NFJ Investment Group LLC owned about 0.49% of Getty Realty worth $8,477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. acquired a new stake in Getty Realty during the first quarter worth $31,000. Amundi lifted its holdings in shares of Getty Realty by 12.7% during the first quarter. Amundi now owns 30,647 shares of the real estate investment trust's stock valued at $930,000 after acquiring an additional 3,463 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Getty Realty during the first quarter valued at $2,543,000. Quarry LP lifted its holdings in shares of Getty Realty by 32.1% during the first quarter. Quarry LP now owns 3,706 shares of the real estate investment trust's stock valued at $116,000 after acquiring an additional 900 shares during the period. Finally, Beck Bode LLC lifted its holdings in shares of Getty Realty by 7.4% during 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 acquiring an additional 3,226 shares during the period. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Price Performance

Shares of Getty Realty stock traded up $0.18 during trading on Friday, reaching $28.81. The company's stock had a trading volume of 268,567 shares, compared to its average volume of 291,137. The stock has a 50-day moving average price of $27.98 and a two-hundred day moving average price of $28.83. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a one year low of $26.42 and a one year high of $33.85. The stock has a market capitalization of $1.63 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.86.

Getty Realty (NYSE:GTY - Get Free Report) last released 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). 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 during 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. As a group, sell-side analysts anticipate that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is presently 163.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GTY shares. UBS Group lifted their price objective on Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Wall Street Zen cut Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.67.

Getty Realty Profile