Deutsche Bank AG Makes New Investment in Getty Realty Corporation $GTY

Deutsche Bank AG acquired a new stake in Getty Realty Corporation (NYSE:GTY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 89,291 shares of the real estate investment trust’s stock, valued at approximately $2,979,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GTY. Advisors Asset Management Inc. acquired a new stake in shares of Getty Realty during the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its position in shares of Getty Realty by 3,996.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,159 shares during the period. Avalon Trust Co acquired a new position in Getty Realty in the first quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Getty Realty by 36.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 418 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Getty Realty in the second quarter worth approximately $43,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Down 0.8%

Shares of NYSE:GTY opened at $33.25 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. The firm has a market capitalization of $2.06 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.96 and a beta of 0.72. The firm’s 50-day moving average is $33.97 and its two-hundred day moving average is $33.28. Getty Realty Corporation has a 1 year low of $25.39 and a 1 year high of $36.83.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The company had revenue of $59.05 million during the quarter, compared to analysts’ expectations of $58.45 million. The company’s revenue was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Analysts predict that Getty Realty Corporation will post 2.45 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 annualized dividend and a dividend yield of 5.8%. Getty Realty’s dividend payout ratio (DPR) is presently 118.29%.

Wall Street Analyst Weigh In

Several research firms have issued reports on GTY. KeyCorp raised their target price on Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Huntington initiated coverage on Getty Realty in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 price target on the stock. Robert W. Baird raised their price objective on Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada upped their target price on shares of Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, July 24th. Finally, Citizens Jmp increased their target price on shares of Getty Realty from $35.00 to $39.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 23rd. Six 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 currently has an average rating of “Moderate Buy” and a consensus price target of $35.29.

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.