PNC Financial Services Group Inc. Grows Stock Holdings in Getty Realty Corporation $GTY

PNC Financial Services Group Inc. lifted its position in shares of Getty Realty Corporation (NYSE:GTY) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,933 shares of the real estate investment trust’s stock after purchasing an additional 409 shares during the period. PNC Financial Services Group Inc.’s holdings in Getty Realty were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Castellan Group purchased a new stake in shares of Getty Realty during the 1st quarter worth $3,066,000. US Bancorp DE lifted 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 purchasing an additional 376 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Getty Realty by 4.2% during the 1st quarter. Natixis Advisors LLC now owns 577,696 shares of the real estate investment trust’s stock worth $18,013,000 after purchasing an additional 23,449 shares during the last quarter. Seizert Capital Partners LLC purchased a new stake in Getty Realty in the first quarter valued at $337,000. Finally, Vestcor Inc purchased a new stake in Getty Realty in the first quarter valued at $1,573,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Trading Up 2.3%

Shares of Getty Realty stock opened at $28.4950 on Wednesday. Getty Realty Corporation has a 52-week low of $26.42 and a 52-week high of $33.85. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. The company’s 50-day simple moving average is $28.02 and its 200-day simple moving average is $29.04. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 2.09 and a beta of 0.83.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Getty Realty had a return on equity of 6.87% and a net margin of 31.62%.The company had revenue of $51.31 million for the quarter, compared to analysts’ expectations of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. As a group, equities research analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 annualized dividend and a yield of 6.6%. Getty Realty’s dividend payout ratio is 163.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GTY. UBS Group boosted their price target 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. KeyCorp reduced their price target on shares of Getty Realty from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Wall Street Zen cut shares of Getty Realty from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Robert W. Baird reduced their price target on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Three 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 $32.67.

Getty Realty Profile