State of Alaska Department of Revenue Boosts Holdings in Getty Realty Corporation $GTY

State of Alaska Department of Revenue grew its holdings in shares of Getty Realty Corporation (NYSE:GTY) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,496 shares of the real estate investment trust’s stock after acquiring an additional 3,238 shares during the quarter. State of Alaska Department of Revenue owned 0.10% of Getty Realty worth $1,532,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. US Bancorp DE raised its stake in shares of 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 worth $34,000 after acquiring an additional 376 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of 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 worth $123,000 after acquiring an additional 409 shares in the last quarter. Quarry LP raised its stake in shares of Getty Realty by 32.1% during the first quarter. Quarry LP now owns 3,706 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 900 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Getty Realty during the first quarter worth approximately $31,000. Finally, American Century Companies Inc. raised its stake in shares of Getty Realty by 7.1% during the first quarter. American Century Companies Inc. now owns 17,382 shares of the real estate investment trust’s stock worth $542,000 after acquiring an additional 1,145 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on GTY. UBS Group lifted their price target on shares of Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, August 15th. Wall Street Zen raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Getty Realty Stock Performance

Shares of GTY stock opened at $26.75 on Friday. Getty Realty Corporation has a 12 month low of $26.35 and a 12 month high of $33.85. The stock has a market cap of $1.51 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.02 and a beta of 0.82. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94. The company’s fifty day moving average price is $28.00 and its 200-day moving average price is $28.38.

Getty Realty (NYSE:GTY) last announced its earnings results 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 net margin of 31.62% and a return on equity of 6.87%. The business had revenue of $51.31 million for 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. On average, equities analysts expect that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Thursday, September 25th. Getty Realty’s payout ratio is 163.48%.

About Getty Realty