IFM Investors Pty Ltd Sells 1,811 Shares of Getty Realty Corporation $GTY

IFM Investors Pty Ltd reduced its stake in shares of Getty Realty Corporation (NYSE:GTY) by 17.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,320 shares of the real estate investment trust’s stock after selling 1,811 shares during the quarter. IFM Investors Pty Ltd’s holdings in Getty Realty were worth $230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Getty Realty during the first quarter worth about $9,507,000. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Getty Realty by 33.8% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust’s stock worth $28,410,000 after purchasing an additional 229,937 shares during the period. Truvestments Capital LLC boosted its holdings in shares of Getty Realty by 34,222.5% during the first quarter. Truvestments Capital LLC now owns 109,832 shares of the real estate investment trust’s stock worth $3,425,000 after purchasing an additional 109,512 shares during the period. Castellan Group purchased a new stake in shares of Getty Realty during the first quarter worth about $3,066,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Getty Realty during the first quarter worth about $2,543,000. 85.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

GTY has been the subject of a number of analyst reports. UBS Group increased their target price on shares of Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Wall Street Zen upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.60.

Getty Realty Price Performance

Shares of GTY opened at $27.32 on Wednesday. The company has a market capitalization of $1.55 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. 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 firm has a 50 day moving average of $28.07 and a 200 day moving average of $28.58. Getty Realty Corporation has a twelve month low of $26.42 and a twelve 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 earnings per share 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 the consensus estimate of $51.59 million. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. 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 fiscal year.

Getty Realty Announces Dividend

The company 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 dividend yield of 6.9%. Getty Realty’s dividend payout ratio (DPR) is 163.48%.

Getty Realty Company Profile