Ingalls & Snyder LLC Sells 7,411 Shares of Getty Realty Corporation $GTY

Ingalls & Snyder LLC lessened its stake in Getty Realty Corporation (NYSE:GTY) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 175,474 shares of the real estate investment trust’s stock after selling 7,411 shares during the period. Ingalls & Snyder LLC owned about 0.31% of Getty Realty worth $4,850,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in shares of Getty Realty in the 1st quarter valued at about $31,000. US Bancorp DE boosted its position in shares of 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 purchasing an additional 376 shares in the last quarter. Signaturefd LLC boosted its position in shares of Getty Realty by 111.3% during the 2nd quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 730 shares in the last quarter. Quarry LP boosted its position in shares of Getty Realty by 32.1% during the 1st quarter. Quarry LP now owns 3,706 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 900 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of 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 in the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Down 1.3%

Shares of NYSE:GTY opened at $27.86 on Friday. The business’s 50 day simple moving average is $27.56 and its two-hundred day simple moving average is $28.02. The firm has a market cap of $1.58 billion, a P/E ratio of 21.76, a PEG ratio of 2.01 and a beta of 0.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 2.00. Getty Realty Corporation has a 52-week low of $25.39 and a 52-week high of $33.85.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%.The company had revenue of $55.59 million for the quarter, compared to analyst estimates of $53.19 million. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. As a group, research analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Friday, December 26th will be issued a $0.485 dividend. This is a boost from Getty Realty’s previous quarterly dividend of $0.47. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, December 26th. Getty Realty’s dividend payout ratio is 146.88%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. UBS Group upped their target price on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Janney Montgomery Scott initiated coverage on Getty Realty in a research report on Thursday, October 16th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a report on Saturday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.80.

About Getty Realty