Truvestments Capital LLC Raises Stock Position in Getty Realty Corporation $GTY

Key Points

• Truvestments Capital LLC has significantly increased its stake in Getty Realty Corporation (GTY) by 34,222.5%, now owning 109,832 shares valued at approximately $3.43 million.
• Getty Realty's recent quarterly earnings report revealed an EPS of $0.59, falling short of analysts' expectations of $0.60, and the company has issued a quarterly dividend of $0.47 per share.
• Wall Street analysts have varied opinions on GTY, with target prices ranging from $30.00 to $33.00, indicating a generally cautious outlook despite some analysts assigning a "Moderate Buy" rating.

Truvestments Capital LLC lifted its position in Getty Realty Corporation (NYSE:GTY - Free Report) by 34,222.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,832 shares of the real estate investment trust's stock after acquiring an additional 109,512 shares during the quarter. Truvestments Capital LLC owned 0.20% of Getty Realty worth $3,425,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GTY. US Bancorp DE lifted its holdings in Getty Realty by 52.4% during 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. increased its position in Getty Realty by 11.6% during 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 purchasing an additional 409 shares during the period. Public Employees Retirement System of Ohio increased its position in Getty Realty by 0.7% during 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 purchasing an additional 519 shares during the period. Cetera Investment Advisers increased its position in Getty Realty by 4.7% during the 4th quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock valued at $375,000 after purchasing an additional 561 shares during the period. Finally, Guggenheim Capital LLC increased its position in Getty Realty by 8.2% during the 4th 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. Institutional investors own 85.11% of the company's stock.

Getty Realty Stock Performance

Getty Realty stock traded up $0.15 during mid-day trading on Friday, reaching $28.57. 274,190 shares of the company traded hands, compared to its average volume of 319,044. The firm's fifty day moving average is $27.97 and its two-hundred day moving average is $28.91. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.15 and a beta of 0.83. 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 debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Getty Realty had a return on equity of 6.87% and a net margin of 31.62%.The company had revenue of $51.31 million for the quarter, compared to analyst estimates of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. On average, equities research analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Thursday, September 25th. Getty Realty's payout ratio is presently 163.48%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. UBS Group raised their target price on shares of 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 cut their target price on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Getty Realty currently has an average rating of "Moderate Buy" and an average price target of $32.67.

Getty Realty Company Profile