Heartland Advisors Inc. Takes Position in Getty Realty Corporation $GTY

Heartland Advisors Inc. purchased a new position in Getty Realty Corporation (NYSE:GTY) during the second quarter, HoldingsChannel reports. The firm purchased 350,000 shares of the real estate investment trust’s stock, valued at approximately $11,676,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Getty Realty in the 2nd quarter valued at about $344,815,000. Vanguard Group Inc. increased its position in shares of Getty Realty by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock worth $232,343,000 after acquiring an additional 102,670 shares during the period. State Street Corp increased its position in shares of Getty Realty by 1.5% during the fourth quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust’s stock worth $112,262,000 after acquiring an additional 60,137 shares during the period. Geode Capital Management LLC raised its stake in shares of Getty Realty by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust’s stock valued at $40,318,000 after acquiring an additional 28,155 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Getty Realty by 42.3% during the third quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock valued at $30,651,000 after acquiring an additional 339,388 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Price Performance

NYSE GTY opened at $33.16 on Friday. The company has a market cap of $2.05 billion, a PE ratio of 20.22, a P/E/G ratio of 2.94 and a beta of 0.72. The firm’s 50 day moving average price is $33.94 and its 200-day moving average price is $33.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. Getty Realty Corporation has a 52-week low of $25.39 and a 52-week high of $36.83.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $59.05 million during the quarter, compared to the consensus estimate of $58.45 million. Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.Getty Realty’s revenue for the quarter 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. Sell-side analysts forecast 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. Investors of record on Thursday, September 24th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Thursday, September 24th. Getty Realty’s dividend payout ratio is 118.29%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GTY. Weiss Ratings reiterated a “buy (b-)” rating on shares of Getty Realty in a report on Friday, August 7th. Royal Bank Of Canada lifted their target price on Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, July 24th. KeyCorp upped their target price on Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Citizens Jmp increased their price target on Getty Realty from $35.00 to $39.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 23rd. Finally, Citigroup restated an “outperform” rating on shares of Getty Realty in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, 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.