Russell Investments Group Ltd. Acquires 24,784 Shares of Getty Realty Corporation $GTY

Key Points

• Russell Investments Group Ltd. increased its stake in Getty Realty Corporation by 17.3% during the first quarter, acquiring an additional 24,784 shares, bringing its total to 167,686 shares valued at approximately $5.2 million.
• Getty Realty's recent earning report showed a missed estimate with $0.59 earnings per share, falling short of the expected $0.60, alongside guidance for FY 2025 set at 2.400-2.41 EPS.
• The company declared a quarterly dividend of $0.47 per share, reflecting a yield of 6.6% and indicating a payout ratio of 163.48%.

Russell Investments Group Ltd. boosted its holdings in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 17.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,686 shares of the real estate investment trust's stock after buying an additional 24,784 shares during the quarter. Russell Investments Group Ltd. owned about 0.30% of Getty Realty worth $5,228,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GTY. Raymond James Financial Inc. acquired a new position in Getty Realty during the fourth quarter worth $886,000. Sterling Capital Management LLC boosted its holdings 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 valued at $48,000 after acquiring an additional 1,413 shares during the period. Mariner LLC bought a new stake in Getty Realty during the fourth quarter valued at about $228,000. Guggenheim Capital LLC boosted its holdings in Getty Realty by 8.2% during the fourth quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock valued at $248,000 after acquiring an additional 622 shares during the period. Finally, Jump Financial LLC boosted its holdings in Getty Realty by 9.3% during the fourth quarter. Jump Financial LLC now owns 16,970 shares of the real estate investment trust's stock valued at $511,000 after acquiring an additional 1,446 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GTY. KeyCorp decreased their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. UBS Group upped their price target on shares of Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Finally, Wall Street Zen cut shares of Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Getty Realty presently has a consensus rating of "Moderate Buy" and an average price target of $32.67.

Getty Realty Stock Performance

Shares of NYSE GTY traded up $0.16 during mid-day trading on Wednesday, hitting $28.56. The company had a trading volume of 359,096 shares, compared to its average volume of 336,751. 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 business's 50-day simple moving average is $27.98 and its 200-day simple moving average is $28.95. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85. The firm has a market cap of $1.62 billion, a P/E ratio of 24.83, a PEG ratio of 2.13 and a beta of 0.83.

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). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The company had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. As a group, analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

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

Getty Realty Company Profile