Quantbot Technologies LP Takes Position in Getty Realty Corporation $GTY

Key Points

• Quantbot Technologies LP acquired 59,500 Getty Realty shares worth approximately $1.99 million, representing about 0.10% of the REIT. Institutional investors collectively own 85.11% of GTY.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year, but earnings per share of $0.36 narrowly missed the $0.37 analyst consensus.
• The company declared a quarterly dividend of $0.485 per share, or $1.94 annualized, implying a 5.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $35.29.

Quantbot Technologies LP acquired a new stake in Getty Realty Corporation (NYSE:GTY - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 59,500 shares of the real estate investment trust's stock, valued at approximately $1,985,000. Quantbot Technologies LP owned approximately 0.10% of Getty Realty as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Amundi boosted its position in Getty Realty by 12.7% in the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust's stock valued at $930,000 after buying an additional 3,463 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty during the first quarter worth $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Getty Realty by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust's stock valued at $9,564,000 after acquiring an additional 23,370 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Getty Realty by 105.8% in the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust's stock valued at $3,533,000 after acquiring an additional 58,255 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Getty Realty by 13.3% in the second quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust's stock valued at $462,000 after purchasing an additional 1,961 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Price Performance

Getty Realty stock opened at $33.42 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $33.95 and a 200-day simple moving average of $33.24. The stock has a market cap of $2.07 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 2.92 and a beta of 0.72. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $36.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The business had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The business's revenue was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Equities analysts expect that Getty Realty Corporation will post 2.45 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be issued a $0.485 dividend. The ex-dividend date is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. Getty Realty's dividend payout ratio is presently 118.29%.

Analyst Ratings Changes

Several research firms recently commented on GTY. Weiss Ratings reissued a "buy (b-)" rating on shares of Getty Realty in a research note on Friday, August 7th. KeyCorp increased their price target on Getty Realty from $33.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 14th. Royal Bank Of Canada lifted their price objective on Getty Realty from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Friday, July 24th. Citigroup reissued an "outperform" rating on shares of Getty Realty in a research report on Thursday, July 23rd. Finally, Citizens Jmp upped their target price on shares of Getty Realty from $35.00 to $39.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.29.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company's portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.

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