Vident Advisory LLC Sells 8,819 Shares of Getty Realty Corporation $GTY

Key Points

• Vident Advisory LLC has reduced its holdings in Getty Realty Corporation by 44.8%, selling 8,819 shares, leaving it with 10,848 shares valued at approximately $338,000.
• Getty Realty's recent quarterly earnings report showed earnings per share of $0.59, slightly missing the consensus estimate of $0.60, with revenue reported at $51.31 million.
• The company declared a quarterly dividend of $0.47 per share, representing a 6.6% dividend yield, with a payout ratio of 163.48%.

Vident Advisory LLC decreased its holdings in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 44.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,848 shares of the real estate investment trust's stock after selling 8,819 shares during the period. Vident Advisory LLC's holdings in Getty Realty were worth $338,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of Getty Realty by 30.1% in the first quarter. LPL Financial LLC now owns 88,476 shares of the real estate investment trust's stock worth $2,759,000 after buying an additional 20,473 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Getty Realty in the first quarter worth about $211,000. GAMMA Investing LLC grew its stake in shares of Getty Realty by 3,339.0% in the first quarter. GAMMA Investing LLC now owns 51,104 shares of the real estate investment trust's stock worth $1,639,000 after purchasing an additional 49,618 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Getty Realty by 21.8% in the first quarter. Teacher Retirement System of Texas now owns 44,950 shares of the real estate investment trust's stock worth $1,402,000 after purchasing an additional 8,056 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Getty Realty by 417.1% in the first quarter. SG Americas Securities LLC now owns 23,415 shares of the real estate investment trust's stock worth $730,000 after purchasing an additional 18,887 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Down 0.8%

Shares of NYSE:GTY opened at $28.63 on Tuesday. 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 Corporation has a 12 month low of $26.42 and a 12 month high of $33.85. The company has a 50-day moving average price of $28.00 and a 200 day moving average price of $28.82. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.17 and a beta of 0.86.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $51.31 million during the quarter, compared to the consensus estimate 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. As a group, equities research analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently declared 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 of this dividend is Thursday, September 25th. Getty Realty's payout ratio is currently 163.48%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GTY shares. UBS Group raised their target price on Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Wall Street Zen cut Getty Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Getty Realty presently has an average rating of "Moderate Buy" and an average target price of $32.67.

Getty Realty Profile

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