Northern Trust Corp Purchases 30,403 Shares of Getty Realty Corporation $GTY

Northern Trust Corp grew its position in shares of Getty Realty Corporation (NYSE:GTY) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 753,057 shares of the real estate investment trust’s stock after purchasing an additional 30,403 shares during the period. Northern Trust Corp owned about 1.36% of Getty Realty worth $23,480,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Getty Realty by 0.5% during the first quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust’s stock worth $246,369,000 after purchasing an additional 37,695 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Getty Realty by 0.7% during the 1st quarter. Brown Advisory Inc. now owns 778,816 shares of the real estate investment trust’s stock valued at $24,283,000 after acquiring an additional 5,281 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Getty Realty by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust’s stock valued at $22,640,000 after acquiring an additional 10,552 shares during the period. Balyasny Asset Management L.P. boosted its holdings in Getty Realty by 21.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust’s stock valued at $21,824,000 after acquiring an additional 125,491 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in 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 valued at $18,013,000 after acquiring an additional 23,449 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Up 0.5%

GTY stock opened at $28.57 on Monday. Getty Realty Corporation has a fifty-two week low of $26.42 and a fifty-two week high of $33.85. The business’s 50 day moving average price is $27.97 and its two-hundred day moving average price is $28.89. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share 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 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, analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be issued a dividend of $0.47 per share. 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 dividend payout ratio is 163.48%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. KeyCorp dropped their target price on Getty Realty from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. UBS Group increased their target price on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Finally, Wall Street Zen cut Getty Realty from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

Getty Realty Company Profile