Congress Asset Management Co. Has $5.99 Million Stake in Getty Realty Corporation $GTY

Congress Asset Management Co. decreased its position in shares of Getty Realty Corporation (NYSE:GTY) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,649 shares of the real estate investment trust’s stock after selling 9,076 shares during the quarter. Congress Asset Management Co. owned approximately 0.39% of Getty Realty worth $5,988,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Getty Realty by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust’s stock valued at $246,369,000 after acquiring an additional 37,695 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Getty Realty by 1.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,770,092 shares of the real estate investment trust’s stock valued at $117,551,000 after acquiring an additional 40,120 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Getty Realty by 33.8% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust’s stock valued at $28,410,000 after acquiring an additional 229,937 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of 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 in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Getty Realty by 4.2% during the 1st quarter. Northern Trust Corp now owns 753,057 shares of the real estate investment trust’s stock valued at $23,480,000 after acquiring an additional 30,403 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Up 0.6%

Shares of NYSE:GTY opened at $26.65 on Friday. The firm has a market cap of $1.51 billion, a P/E ratio of 23.17, a P/E/G ratio of 1.99 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. Getty Realty Corporation has a 12-month low of $26.35 and a 12-month high of $33.85. The business has a fifty day simple moving average of $28.05 and a 200 day simple moving average of $28.51.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data 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 return on equity of 6.87% and a net margin of 31.62%.The business had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. Analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 annualized dividend and a dividend yield of 7.1%. Getty Realty’s dividend payout ratio (DPR) is 163.48%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group raised their price objective on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Wall Street Zen raised Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Getty Realty has a consensus rating of “Moderate Buy” and a consensus target price of $32.60.

Getty Realty Profile