Nuveen LLC Purchases New Position in Getty Realty Corporation $GTY

Key Points

• Nuveen LLC has acquired a new stake in Getty Realty Corporation, purchasing 304,901 shares valued at approximately $9.5 million, representing about 0.55% of the company's total shares.
• Getty Realty recently announced a quarterly dividend of $0.47 per share, translating to an annual yield of 6.5%, with a dividend payout ratio currently at 163.48%.
• Despite a missed earnings estimate for the last quarter with $0.59 EPS against a forecast of $0.60, analysts maintain an average rating of "Moderate Buy" with a consensus price target of $32.67 for the stock.

Nuveen LLC bought a new position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 304,901 shares of the real estate investment trust's stock, valued at approximately $9,507,000. Nuveen LLC owned about 0.55% of Getty Realty as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new stake in Getty Realty during the 4th quarter worth $28,000. US Bancorp DE raised its holdings in shares of Getty Realty by 52.4% during the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 376 shares during the period. Quarry LP raised its holdings in shares of Getty Realty by 468.0% during the 4th quarter. Quarry LP now owns 2,806 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 2,312 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Getty Realty by 11.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust's stock worth $123,000 after acquiring an additional 409 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of Getty Realty during the 4th quarter worth $209,000. Institutional investors and hedge funds own 85.11% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on GTY shares. Wall Street Zen lowered Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. UBS Group lifted their price target on Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Finally, KeyCorp reduced their price objective on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Getty Realty currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.67.

Getty Realty Trading Up 0.5%

NYSE GTY traded up $0.15 during trading on Friday, hitting $28.57. The stock had a trading volume of 274,190 shares, compared to its average volume of 319,044. The company has a market capitalization of $1.62 billion, a PE ratio of 24.84, a PEG ratio of 2.13 and a beta of 0.83. 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 firm has a 50 day moving average price of $27.97 and a 200 day moving average price of $28.92. Getty Realty Corporation has a twelve month low of $26.42 and a twelve month high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The firm had revenue of $51.31 million during the quarter, compared to analyst estimates of $51.59 million. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. As a group, equities research analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.6%. Getty Realty's payout ratio is currently 163.48%.

Getty Realty Profile