Nuveen LLC Acquires New Holdings 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 purchased a new position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 304,901 shares of the real estate investment trust's stock, valued at approximately $9,507,000. Nuveen LLC owned 0.55% of Getty Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new stake in Getty Realty during the fourth quarter worth about $28,000. US Bancorp DE grew its stake in Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock worth $34,000 after buying an additional 376 shares in the last quarter. Quarry LP grew its stake in Getty Realty by 468.0% during the fourth quarter. Quarry LP now owns 2,806 shares of the real estate investment trust's stock worth $85,000 after buying an additional 2,312 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Getty Realty by 11.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust's stock worth $123,000 after buying an additional 409 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Getty Realty during the fourth quarter worth about $209,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Getty Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. UBS Group increased their price objective 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. 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 research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $32.67.

Getty Realty Price Performance

Shares of GTY traded up $0.16 during mid-day trading on Wednesday, reaching $28.56. The company had a trading volume of 359,096 shares, compared to its average volume of 371,601. The company's 50 day simple moving average is $27.98 and its 200 day simple moving average is $28.95. Getty Realty Corporation has a 1-year low of $26.42 and a 1-year high of $33.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 2.14 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The company 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. Analysts expect that Getty Realty Corporation will post 2.29 EPS for the current 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 issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is 163.48%.

Getty Realty Company Profile