602,200 Shares in Getty Realty Corporation $GTY Purchased by Fidelity National Financial Inc.

Fidelity National Financial Inc. acquired a new position in shares of Getty Realty Corporation (NYSE:GTY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 602,200 shares of the real estate investment trust’s stock, valued at approximately $20,089,000. Getty Realty comprises about 0.6% of Fidelity National Financial Inc.’s portfolio, making the stock its 14th biggest position.

Other institutional investors have also modified their holdings of the company. Amundi raised its holdings in Getty Realty by 12.7% during the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock valued at $930,000 after buying an additional 3,463 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty in the first quarter valued at $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of 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 valued at $9,564,000 after acquiring an additional 23,370 shares during the period. Jane Street Group LLC lifted its holdings in shares of Getty Realty by 105.8% in the 1st 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 during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Getty Realty by 13.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 1,961 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Getty Realty Stock Performance

Getty Realty stock opened at $32.96 on Wednesday. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $36.83. The company has a market capitalization of $2.04 billion, a PE ratio of 20.10, a P/E/G ratio of 2.93 and a beta of 0.72. The company has a 50 day moving average price of $33.96 and a 200-day moving average price of $33.14. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The firm had revenue of $59.05 million for the quarter, compared to the consensus estimate of $58.45 million. The firm’s 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. As a group, equities analysts forecast that Getty Realty Corporation will post 2.45 earnings per share for the current year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be paid a $0.485 dividend. 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 5.9%. Getty Realty’s dividend payout ratio is 118.29%.

Analysts Set New Price Targets

GTY has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. KeyCorp raised their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Huntington initiated coverage on Getty Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Getty Realty in a report on Friday, August 7th. Finally, Citigroup reissued an “outperform” rating on shares of Getty Realty in a research note on Thursday, July 23rd. Six 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.29.

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.