Getty Realty Corporation $GTY Shares Bought by Versor Investments LP

Versor Investments LP grew its stake in shares of Getty Realty Corporation (NYSE:GTY) by 36.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,806 shares of the real estate investment trust’s stock after purchasing an additional 17,898 shares during the quarter. Versor Investments LP’s holdings in Getty Realty were worth $1,828,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Getty Realty during the third quarter worth about $27,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Getty Realty during the fourth quarter worth about $29,000. Advisors Asset Management Inc. acquired a new position in shares of Getty Realty during the first quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of Getty Realty by 3,996.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Getty Realty by 288.6% during the third quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,013 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Up 0.1%

Shares of Getty Realty stock opened at $33.04 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.92. The firm has a market cap of $2.00 billion, a P/E ratio of 21.74, a P/E/G ratio of 2.75 and a beta of 0.75. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $34.75. The business has a 50-day moving average price of $33.09 and a 200 day moving average price of $30.46.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. The firm had revenue of $57.84 million during the quarter, compared to analyst estimates of $58.41 million. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.Getty Realty’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. On average, sell-side analysts forecast that Getty Realty Corporation will post 2.4 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Thursday, June 25th. Getty Realty’s payout ratio is currently 127.63%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird lifted their target price on Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $35.00 target price on shares of Getty Realty in a research report on Friday, April 24th. UBS Group lifted their target price on Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Finally, Weiss Ratings lowered Getty Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Getty Realty currently has an average rating of “Hold” and an average price target of $33.00.

About Getty Realty

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.