Aberdeen Group plc Purchases 1,717 Shares of Getty Realty Corporation $GTY

Aberdeen Group plc increased its position in Getty Realty Corporation (NYSE:GTY) by 8.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,781 shares of the real estate investment trust’s stock after acquiring an additional 1,717 shares during the period. Aberdeen Group plc’s holdings in Getty Realty were worth $602,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GTY. Castellan Group boosted its position in Getty Realty by 8.2% in the second quarter. Castellan Group now owns 106,368 shares of the real estate investment trust’s stock worth $2,940,000 after purchasing an additional 8,027 shares during the last quarter. Callan Family Office LLC bought a new position in shares of Getty Realty in the 2nd quarter worth approximately $379,000. Clear Creek Financial Management LLC lifted its stake in shares of Getty Realty by 21.3% in the 2nd quarter. Clear Creek Financial Management LLC now owns 14,409 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 2,528 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of Getty Realty by 1.8% in the second quarter. KLP Kapitalforvaltning AS now owns 28,500 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 500 shares during the last quarter. Finally, Signaturefd LLC grew its position in Getty Realty by 111.3% during the second quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 730 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Trading Up 1.3%

Shares of Getty Realty stock opened at $27.20 on Friday. The company has a market capitalization of $1.54 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. The company has a fifty day moving average of $27.60 and a 200 day moving average of $28.07. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $33.85.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS 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 business had revenue of $51.31 million for the quarter, compared to the consensus estimate of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. On average, sell-side analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 25th were issued a $0.47 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a yield of 6.9%. Getty Realty’s payout ratio is currently 163.48%.

Analysts Set New Price Targets

Several research analysts have weighed in on GTY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research report on Wednesday, October 8th. Janney Montgomery Scott assumed coverage on Getty Realty in a research note on Thursday. They issued a “buy” rating and a $30.00 price objective for the company. UBS Group raised their target price on Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Finally, Wall Street Zen raised Getty Realty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.17.

About Getty Realty