Boston Partners Purchases 4,613 Shares of Getty Realty Corporation $GTY

Boston Partners raised its position in Getty Realty Corporation (NYSE:GTY) by 5.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,281 shares of the real estate investment trust’s stock after acquiring an additional 4,613 shares during the quarter. Boston Partners owned approximately 0.15% of Getty Realty worth $2,385,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty during the 1st quarter valued at about $31,000. US Bancorp DE grew its position in Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 376 shares during the period. 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. Hantz Financial Services Inc. bought a new stake in Getty Realty during the second quarter valued at approximately $72,000. Finally, Quarry LP increased its holdings in Getty Realty by 32.1% during the first quarter. Quarry LP now owns 3,706 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 900 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, August 15th. 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 report on Thursday, October 16th. They set a “buy” rating and a $30.00 price target for the company. Finally, Wall Street Zen upgraded Getty Realty from a “sell” rating to a “hold” rating in a research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.80.

Getty Realty Trading Up 0.5%

Shares of GTY stock opened at $28.00 on Friday. Getty Realty Corporation has a 52-week low of $25.39 and a 52-week high of $33.85. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market capitalization of $1.62 billion, a PE ratio of 21.88, a PEG ratio of 1.81 and a beta of 0.83. The stock has a fifty day simple moving average of $27.27 and a two-hundred day simple moving average of $27.94.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $55.59 million for the quarter, compared to the consensus estimate of $53.19 million. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. On average, analysts predict that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Friday, December 26th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 6.9%. The ex-dividend date is Friday, December 26th. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. Getty Realty’s dividend payout ratio is currently 151.56%.

About Getty Realty