Getty Realty Corporation $GTY Shares Acquired by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Getty Realty Corporation by 27.4%, now holding 160,578 shares valued at approximately $5 million.
• Getty Realty announced a quarterly dividend of $0.47 per share, representing an annualized yield of 6.7%, with a high dividend payout ratio of 163.48%.
• Recent earnings results showed Getty Realty missed earnings expectations with $0.59 EPS against a forecast of $0.60 EPS, with analysts expecting a 2.29 EPS for the current year.

Public Sector Pension Investment Board grew its stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 27.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 160,578 shares of the real estate investment trust's stock after buying an additional 34,501 shares during the period. Public Sector Pension Investment Board owned 0.29% of Getty Realty worth $5,007,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GTY. Raymond James Financial Inc. purchased a new position in Getty Realty during the fourth quarter worth $886,000. Sterling Capital Management LLC increased its position in Getty Realty by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock worth $48,000 after buying an additional 1,413 shares in the last quarter. Mariner LLC purchased a new position in Getty Realty during the fourth quarter worth $228,000. Guggenheim Capital LLC grew its position in shares of Getty Realty by 8.2% in the fourth quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock valued at $248,000 after purchasing an additional 622 shares during the period. Finally, Jump Financial LLC grew its position in shares of Getty Realty by 9.3% in the fourth quarter. Jump Financial LLC now owns 16,970 shares of the real estate investment trust's stock valued at $511,000 after purchasing an additional 1,446 shares during the period. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Up 1.2%

Shares of GTY traded up $0.3330 during midday trading on Friday, reaching $29.0830. 33,766 shares of the company were exchanged, compared to its average volume of 371,138. The stock has a 50-day moving average price of $27.99 and a 200-day moving average price of $29.02. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 2.16 and a beta of 0.83. Getty Realty Corporation has a 1-year low of $26.42 and a 1-year high of $33.85. 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 (NYSE:GTY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The company had revenue of $51.31 million for the quarter, compared to analyst estimates of $51.59 million. Getty Realty had a return on equity of 6.87% and a net margin of 31.62%. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. Research analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be paid a $0.47 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.88 annualized dividend and a dividend yield of 6.5%. Getty Realty's payout ratio is 163.48%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GTY shares. Wall Street Zen downgraded Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Robert W. Baird lowered their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. UBS Group lifted their price objective on Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Finally, KeyCorp reduced their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.67.

Getty Realty Company Profile