Getty Realty Corporation (NYSE:GTY) Shares Shorted: Short Interest Down 44.0% in September

Getty Realty Corporation (NYSE:GTY) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 3,439,466 shares, a decline of 44.0% from the September 15th total of 6,147,202 shares. Approximately 6.0% of the shares of the company are sold short. Based on an average daily volume of 839,977 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Investors Weigh In On Getty Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTY. Avalon Trust Co purchased a new position in Getty Realty during the first quarter valued at approximately $38,000. Global Retirement Partners LLC purchased a new stake in shares of Getty Realty in the second quarter worth $43,000. Optiver Holding B.V. increased its stake in shares of Getty Realty by 380.2% in the first quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,232 shares in the last quarter. Nykredit A S purchased a new stake in shares of Getty Realty in the second quarter worth $52,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Getty Realty during the 2nd quarter valued at $67,000. Institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GTY. Huntington initiated coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price target for the company. Robert W. Baird raised their price objective on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. KeyCorp restated an “overweight” rating and set a $36.00 target price on shares of Getty Realty in a research report on Thursday, September 24th. Citigroup reaffirmed a “market outperform” rating on shares of Getty Realty in a report on Wednesday, September 23rd. Finally, Weiss Ratings downgraded shares of Getty Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.57.

Getty Realty Stock Performance

NYSE GTY traded up $0.05 on Friday, hitting $28.35. 362,088 shares of the company traded hands, compared to its average volume of 536,955. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 2.06 and a beta of 0.72. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average price is $30.80 and its 200-day moving average price is $32.60. Getty Realty has a 52-week low of $26.79 and a 52-week high of $36.83.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $58.45 million. Getty Realty’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. Equities analysts expect that Getty Realty will post 2.45 earnings per share for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 24th were issued a $0.4850 dividend. This represents a $1.94 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, September 24th. Getty Realty’s dividend payout ratio is currently 118.29%.

About Getty Realty

Getty Realty Corp. (NYSE:GTY) is a real estate investment trust that owns, leases and develops properties used primarily for convenience stores, gasoline stations and automotive service businesses. The company’s portfolio also includes properties supporting car washes, quick-service restaurants and other automotive-related activities.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are responsible for many property-level expenses such as taxes, insurance and maintenance.