Getty Realty Corporation $GTY Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in Getty Realty Corporation (NYSE:GTY) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,601 shares of the real estate investment trust’s stock after selling 2,280 shares during the period. Segall Bryant & Hamill LLC owned 0.15% of Getty Realty worth $2,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in Getty Realty in the first quarter valued at $31,000. US Bancorp DE boosted its position in shares of Getty Realty by 52.4% during the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 376 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Getty Realty by 111.3% in the 2nd quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 730 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Getty Realty during the 2nd quarter worth about $72,000. Finally, Quarry LP raised its position in shares of Getty Realty by 32.1% during the 1st quarter. Quarry LP now owns 3,706 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Price Performance

GTY stock opened at $28.43 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $1.64 billion, a P/E ratio of 22.21, a PEG ratio of 1.81 and a beta of 0.83. The business has a 50 day simple moving average of $27.28 and a 200-day simple moving average of $27.95. Getty Realty Corporation has a twelve month low of $25.39 and a twelve month high of $33.85.

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

Getty Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Friday, December 26th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, December 26th. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. This represents a $1.94 dividend on an annualized basis and a dividend yield of 6.8%. Getty Realty’s dividend payout ratio is currently 151.56%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GTY shares. Janney Montgomery Scott initiated coverage on Getty Realty in a report on Thursday, October 16th. They issued a “buy” rating and a $30.00 price target for the company. Wall Street Zen upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. UBS Group increased their target price 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Getty Realty currently has a consensus rating of “Moderate Buy” and an average price target of $31.80.

About Getty Realty