Getty Realty Corporation $GTY Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its position in Getty Realty Corporation (NYSE:GTY) by 7.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,382 shares of the real estate investment trust’s stock after purchasing an additional 1,145 shares during the quarter. American Century Companies Inc.’s holdings in Getty Realty were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Getty Realty by 0.5% in the first quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust’s stock valued at $246,369,000 after buying an additional 37,695 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Getty Realty by 0.7% in the first quarter. Brown Advisory Inc. now owns 778,816 shares of the real estate investment trust’s stock valued at $24,283,000 after buying an additional 5,281 shares during the last quarter. Northern Trust Corp raised its holdings in Getty Realty by 23.5% in the 4th quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust’s stock valued at $21,774,000 after acquiring an additional 137,427 shares during the last quarter. Natixis Advisors LLC raised its holdings in Getty Realty by 4.2% in 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 last quarter. Finally, Invesco Ltd. raised its holdings in Getty Realty by 11.7% in the 1st quarter. Invesco Ltd. now owns 509,740 shares of the real estate investment trust’s stock valued at $15,894,000 after acquiring an additional 53,531 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

GTY has been the subject of several analyst reports. Wall Street Zen downgraded Getty Realty from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. UBS Group upped their target price on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Getty Realty Stock Performance

Shares of NYSE:GTY opened at $28.81 on Friday. The firm has a market capitalization of $1.63 billion, a PE ratio of 25.05, a P/E/G ratio of 2.15 and a beta of 0.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The business has a 50-day moving average of $27.98 and a two-hundred day moving average of $28.85. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85.

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

Getty Realty Announces Dividend

The firm also recently announced 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. This represents a $1.88 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty’s dividend payout ratio is 163.48%.

Getty Realty Profile