Getty Realty Corporation $GTY Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in Getty Realty Corporation (NYSE:GTY) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,979 shares of the real estate investment trust’s stock after selling 2,187 shares during the period. Deutsche Bank AG owned about 0.11% of Getty Realty worth $1,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new stake in Getty Realty in the 4th quarter valued at about $28,000. US Bancorp DE raised its position in Getty Realty by 52.4% in the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 376 shares in the last quarter. Sterling Capital Management LLC raised its position in Getty Realty by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 1,413 shares in the last quarter. Quarry LP raised its position in Getty Realty by 468.0% in the 4th quarter. Quarry LP now owns 2,806 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 2,312 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Getty Realty by 11.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 409 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Trading Down 0.1%

NYSE:GTY opened at $28.70 on Friday. The stock’s 50 day moving average price is $27.99 and its 200 day moving average price is $29.02. The company has a market capitalization of $1.62 billion, a PE ratio of 24.96, a P/E/G ratio of 2.16 and a beta of 0.83. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a 52-week low of $26.42 and a 52-week high of $33.85.

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

Getty Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GTY. Wall Street Zen lowered Getty Realty from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. KeyCorp cut their target price on Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Robert W. Baird cut their target price on Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group raised their target price on Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Getty Realty has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

Getty Realty Profile