Getty Realty Corporation $GTY Shares Bought by Quarry LP

Quarry LP raised its position in Getty Realty Corporation (NYSE:GTY) by 32.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,706 shares of the real estate investment trust’s stock after buying an additional 900 shares during the period. Quarry LP’s holdings in Getty Realty were worth $116,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GTY. Raymond James Financial Inc. purchased a new position in Getty Realty in the 4th quarter worth approximately $886,000. Mariner LLC purchased a new position in Getty Realty in the 4th quarter worth approximately $228,000. Dimensional Fund Advisors LP lifted its stake in Getty Realty by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust’s stock worth $22,640,000 after purchasing an additional 10,552 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Getty Realty by 9.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,200 shares of the real estate investment trust’s stock worth $1,182,000 after purchasing an additional 3,436 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Getty Realty by 23.5% in the 4th quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust’s stock worth $21,774,000 after purchasing an additional 137,427 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GTY. KeyCorp decreased their target price on shares of Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of Getty Realty from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, UBS Group lifted their price target on shares of Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.67.

Getty Realty Stock Down 1.3%

Shares of NYSE GTY opened at $28.22 on Wednesday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 2.15 and a beta of 0.86. 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 Corporation has a 52-week low of $26.42 and a 52-week high of $33.85. The business’s 50 day moving average is $27.94 and its two-hundred day moving average is $28.88.

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

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a yield of 6.7%. Getty Realty’s payout ratio is presently 163.48%.

Getty Realty Profile