Clear Creek Financial Management LLC Increases Stock Position in Getty Realty Corporation $GTY

Clear Creek Financial Management LLC increased its stake in shares of Getty Realty Corporation (NYSE:GTY) by 21.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,409 shares of the real estate investment trust’s stock after purchasing an additional 2,528 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Getty Realty were worth $398,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in shares of Getty Realty by 30.1% during the first quarter. LPL Financial LLC now owns 88,476 shares of the real estate investment trust’s stock worth $2,759,000 after purchasing an additional 20,473 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Getty Realty during the first quarter worth $211,000. GAMMA Investing LLC lifted its holdings in shares of Getty Realty by 3,339.0% during the first quarter. GAMMA Investing LLC now owns 51,104 shares of the real estate investment trust’s stock worth $1,639,000 after purchasing an additional 49,618 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Getty Realty by 21.8% during the first quarter. Teacher Retirement System of Texas now owns 44,950 shares of the real estate investment trust’s stock worth $1,402,000 after purchasing an additional 8,056 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Getty Realty by 417.1% during the first quarter. SG Americas Securities LLC now owns 23,415 shares of the real estate investment trust’s stock worth $730,000 after purchasing an additional 18,887 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GTY shares. UBS Group increased their price target on Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a report on Wednesday. Finally, Wall Street Zen raised Getty Realty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Getty Realty has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Getty Realty Trading Down 0.0%

Shares of GTY stock opened at $25.78 on Friday. Getty Realty Corporation has a fifty-two week low of $25.62 and a fifty-two week high of $33.85. The stock has a market cap of $1.46 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.86 and a beta of 0.82. The business has a fifty day simple moving average of $27.81 and a 200-day simple moving average of $28.21. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The firm had revenue of $51.31 million during the quarter, compared to analysts’ expectations of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. On average, analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th were given a $0.47 dividend. The ex-dividend date was Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.3%. Getty Realty’s dividend payout ratio (DPR) is currently 163.48%.

Getty Realty Company Profile