UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 287,689 Shares of Getty Realty Corporation $GTY

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Getty Realty Corporation (NYSE:GTY) by 20,892.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,066 shares of the real estate investment trust’s stock after buying an additional 287,689 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Getty Realty were worth $9,643,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund lifted its holdings in shares of Getty Realty by 3.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 400 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Getty Realty by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 25,441 shares of the real estate investment trust’s stock worth $703,000 after purchasing an additional 548 shares during the period. Fifth Third Bancorp boosted its holdings in Getty Realty by 48.0% during the fourth quarter. Fifth Third Bancorp now owns 1,902 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 617 shares in the last quarter. Nissay Asset Management Corp Japan boosted its holdings in Getty Realty by 8.9% during the second quarter. Nissay Asset Management Corp Japan now owns 8,524 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 697 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Getty Realty by 4.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,981 shares of the real estate investment trust’s stock valued at $497,000 after purchasing an additional 739 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Trading Down 0.2%

Shares of GTY opened at $32.46 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.87 and a beta of 0.72. The stock has a fifty day moving average price of $33.87 and a two-hundred day moving average price of $33.31. Getty Realty Corporation has a 52-week low of $25.39 and a 52-week high of $36.83.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The business had revenue of $59.05 million for the quarter, compared to the consensus estimate of $58.45 million. The business’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 fiscal year.

Getty Realty Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 6.0%. Getty Realty’s dividend payout ratio is currently 118.29%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Robert W. Baird increased their target price on Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Royal Bank Of Canada increased their price objective on Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Getty Realty in a report on Friday, August 7th. Huntington initiated coverage on shares of Getty Realty in a report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 target price on the stock. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $39.00 target price on shares of Getty Realty in a research report on Tuesday, September 1st. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.29.

Getty Realty Company Profile

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.