Jupiter Topco LLC Takes Position in Getty Realty Corporation $GTY

Jupiter Topco LLC acquired a new position in shares of Getty Realty Corporation (NYSE:GTY) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,212 shares of the real estate investment trust’s stock, valued at approximately $775,000.

Other institutional investors have also recently bought and sold shares of the company. Amundi increased its holdings in Getty Realty by 12.7% in the first quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock worth $930,000 after buying an additional 3,463 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in Getty Realty in the first quarter valued at approximately $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Getty Realty by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock worth $9,564,000 after acquiring an additional 23,370 shares in the last quarter. Jane Street Group LLC grew its position in Getty Realty by 105.8% in the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock worth $3,533,000 after acquiring an additional 58,255 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Getty Realty by 13.3% during the 2nd quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 1,961 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $32.46 on Monday. The business has a 50 day moving average price of $33.87 and a 200 day moving average price of $33.31. Getty Realty Corporation has a twelve month low of $25.39 and a twelve month high of $36.83. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.87 and a beta of 0.72. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The business had revenue of $59.05 million during the quarter, compared to the consensus estimate of $58.45 million. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Research analysts predict that Getty Realty Corporation will post 2.45 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a yield of 6.0%. Getty Realty’s payout ratio is 118.29%.

Wall Street Analysts Forecast Growth

GTY has been the subject of several analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and issued a $39.00 price objective on shares of Getty Realty in a research note on Tuesday, September 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Getty Realty in a research report on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of Getty Realty in a report on Tuesday, September 1st. Huntington began coverage on Getty Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price target for the company. Finally, KeyCorp increased their price objective on Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Getty Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.29.

Getty Realty Company Profile

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.