Heartland Advisors Inc. Makes New Investment in Getty Realty Corporation $GTY

Heartland Advisors Inc. purchased a new position in shares of Getty Realty Corporation (NYSE:GTY) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 350,000 shares of the real estate investment trust’s stock, valued at approximately $11,130,000.

A number of other large investors also recently modified their holdings of GTY. Amundi grew its position in Getty Realty by 12.7% during the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock worth $930,000 after acquiring an additional 3,463 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Getty Realty in the first quarter valued at about $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Getty Realty by 8.2% during 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 valued at $9,564,000 after purchasing an additional 23,370 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Getty Realty by 105.8% during the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock valued at $3,533,000 after purchasing an additional 58,255 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Getty Realty by 13.3% during the second 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. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Stock Up 0.7%

Shares of GTY opened at $36.22 on Friday. The stock’s 50-day moving average price is $33.45 and its two-hundred day moving average price is $32.30. Getty Realty Corporation has a 12 month low of $25.39 and a 12 month high of $36.53. The company has a market capitalization of $2.19 billion, a PE ratio of 23.83, a PEG ratio of 2.99 and a beta of 0.72. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.The company had revenue of $57.84 million during the quarter, compared to analysts’ expectations of $58.41 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The business’s quarterly 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. On average, analysts anticipate that Getty Realty Corporation will post 2.42 EPS for the current year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a $0.485 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.94 annualized dividend and a yield of 5.4%. Getty Realty’s dividend payout ratio is presently 127.63%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GTY. Huntington assumed coverage on shares of Getty Realty in a report on Wednesday. They issued an “outperform” rating and a $37.00 price objective for the company. KeyCorp boosted their target price on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Citigroup restated a “market outperform” rating on shares of Getty Realty in a research report on Friday, June 12th. Royal Bank Of Canada restated a “sector perform” rating and issued a $35.00 price target on shares of Getty Realty in a research report on Friday, April 24th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.17.

Getty Realty 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.