Louisiana State Employees Retirement System Takes $776,000 Position in Getty Realty Corporation $GTY

Louisiana State Employees Retirement System purchased a new stake in Getty Realty Corporation (NYSE:GTY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 24,400 shares of the real estate investment trust’s stock, valued at approximately $776,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC raised its stake in Getty Realty by 2,308.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 457,536 shares of the real estate investment trust’s stock valued at $12,276,000 after purchasing an additional 438,540 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Getty Realty by 164.7% in the 4th quarter. Marshall Wace LLP now owns 637,865 shares of the real estate investment trust’s stock valued at $17,458,000 after purchasing an additional 396,897 shares in the last quarter. Millennium Management LLC increased its stake in shares of Getty Realty by 42.3% in the 3rd quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock valued at $30,651,000 after purchasing an additional 339,388 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Getty Realty by 58.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 802,660 shares of the real estate investment trust’s stock worth $21,969,000 after buying an additional 297,229 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Getty Realty by 419.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 286,923 shares of the real estate investment trust’s stock worth $7,698,000 after acquiring an additional 231,714 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Up 1.2%

GTY traded up $0.42 during trading on Tuesday, hitting $34.42. 6,992 shares of the company’s stock were exchanged, compared to its average volume of 508,405. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $34.75. The stock has a market cap of $2.08 billion, a P/E ratio of 22.68, a PEG ratio of 2.83 and a beta of 0.72. The business’s 50 day moving average is $33.15 and its two-hundred day moving average is $31.90. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.92.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The firm had revenue of $57.84 million during the quarter, compared to analysts’ expectations of $58.41 million. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. As a group, equities analysts expect that Getty Realty Corporation will post 2.42 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be issued a $0.485 dividend. The ex-dividend date is Thursday, June 25th. This represents a $1.94 annualized dividend and a dividend yield of 5.6%. Getty Realty’s dividend payout ratio is currently 127.63%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Robert W. Baird raised their price objective on Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Citigroup reiterated a “market outperform” rating on shares of Getty Realty in a research report on Friday, June 12th. KeyCorp lifted their price target on Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, UBS Group boosted their price objective on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.60.

About Getty Realty

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.