Getty Realty Corporation $GTY Position Boosted by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Getty Realty Corporation by 110.4%, acquiring a total of 68,916 shares valued at approximately $2.15 million as per its latest SEC filing.
• Getty Realty declared a quarterly dividend of $0.47 per share, with a yield of 6.6%, payable on October 9th to investors on record as of September 25th.
• Analysts have mixed views on Getty Realty, with shares downgraded from "hold" to "sell" by Wall Street Zen, indicating a consensus rating of "Moderate Buy" and a target price of $32.67.

Quantbot Technologies LP lifted its position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 110.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,916 shares of the real estate investment trust's stock after acquiring an additional 36,161 shares during the quarter. Quantbot Technologies LP owned 0.12% of Getty Realty worth $2,149,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. US Bancorp DE lifted its stake in Getty Realty by 52.4% in the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 376 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Getty Realty by 11.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 409 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Getty Realty by 0.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust's stock valued at $2,173,000 after buying an additional 519 shares in the last quarter. Cetera Investment Advisers lifted its stake in Getty Realty by 4.7% in the 4th quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock valued at $375,000 after buying an additional 561 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Getty Realty by 8.2% in the 4th quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock valued at $248,000 after buying an additional 622 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Up 0.5%

NYSE GTY traded up $0.14 during trading hours on Wednesday, hitting $28.54. The company had a trading volume of 28,011 shares, compared to its average volume of 369,542. Getty Realty Corporation has a fifty-two week low of $26.42 and a fifty-two week high of $33.85. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 2.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The firm's 50 day moving average is $27.98 and its 200 day moving average is $28.95.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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. Sell-side analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders 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 6.6%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio is presently 163.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GTY shares. KeyCorp reduced their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen lowered Getty Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, UBS Group increased their price target on Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Getty Realty has an average rating of "Moderate Buy" and a consensus target price of $32.67.

Getty Realty Profile