Intech Investment Management LLC Has $541,000 Holdings in Getty Realty Corporation $GTY

Intech Investment Management LLC cut its position in Getty Realty Corporation (NYSE:GTY) by 56.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,759 shares of the real estate investment trust’s stock after selling 25,761 shares during the period. Intech Investment Management LLC’s holdings in Getty Realty were worth $541,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in shares of Getty Realty during the first quarter worth approximately $31,000. Aster Capital Management DIFC Ltd bought a new stake in Getty Realty in the third quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. bought a new stake in Getty Realty in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its stake in Getty Realty by 3,996.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Getty Realty by 36.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 418 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Up 1.2%

NYSE:GTY opened at $33.19 on Wednesday. The firm’s 50 day simple moving average is $33.07 and its 200 day simple moving average is $31.22. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.24 and a quick ratio of 2.24. Getty Realty Corporation has a one year low of $25.39 and a one year high of $34.75. The company has a market cap of $2.01 billion, a PE ratio of 21.84, a P/E/G ratio of 2.73 and a beta of 0.73.

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

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Thursday, June 25th. Getty Realty’s payout ratio is 127.63%.

Analyst Upgrades and Downgrades

GTY has been the subject of several research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $35.00 price objective on shares of Getty Realty in a research report on Friday, April 24th. Robert W. Baird increased their price target on shares of Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. UBS Group raised their target price on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Finally, KeyCorp raised their target price on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.60.

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.