Getty Realty Corporation $GTY Position Reduced by HighTower Advisors LLC

HighTower Advisors LLC cut its position in shares of Getty Realty Corporation (NYSE:GTY) by 6.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,043 shares of the real estate investment trust’s stock after selling 4,157 shares during the quarter. HighTower Advisors LLC owned 0.11% of Getty Realty worth $1,841,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. US Bancorp DE lifted its stake in Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 376 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Getty Realty by 11.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 409 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Getty Realty by 0.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust’s stock valued at $2,173,000 after buying an additional 519 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Getty Realty by 4.7% in the fourth quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust’s stock worth $375,000 after purchasing an additional 561 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of Getty Realty by 8.2% in the fourth quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 622 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Trading Up 0.3%

NYSE:GTY opened at $28.8340 on Monday. The stock’s 50 day moving average price is $27.99 and its 200 day moving average price is $28.97. Getty Realty Corporation has a 52 week low of $26.42 and a 52 week high of $33.85. The company has a market capitalization of $1.63 billion, a P/E ratio of 25.07, a P/E/G ratio of 2.17 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98.

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 firm had revenue of $51.31 million during the quarter, compared to analyst estimates of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. On average, research analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be issued a $0.47 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a yield of 6.5%. Getty Realty’s dividend payout ratio is currently 163.48%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Getty Realty from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. UBS Group increased their price target on shares of Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.67.

About Getty Realty