Castellan Group Buys 8,027 Shares of Getty Realty Corporation $GTY

Castellan Group grew its stake in shares of Getty Realty Corporation (NYSE:GTY) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,368 shares of the real estate investment trust’s stock after buying an additional 8,027 shares during the period. Getty Realty accounts for approximately 0.5% of Castellan Group’s portfolio, making the stock its 19th largest holding. Castellan Group owned approximately 0.19% of Getty Realty worth $2,940,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased 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 worth $246,369,000 after purchasing an additional 37,695 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Getty Realty by 1.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,770,092 shares of the real estate investment trust’s stock worth $117,551,000 after purchasing an additional 40,120 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Getty Realty by 33.8% in 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 last quarter. Brown Advisory Inc. increased 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 worth $24,283,000 after purchasing an additional 5,281 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Getty Realty by 4.2% in the first quarter. Northern Trust Corp now owns 753,057 shares of the real estate investment trust’s stock worth $23,480,000 after purchasing an additional 30,403 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $25.80 on Friday. 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 company has a market cap of $1.46 billion, a PE ratio of 22.43, a P/E/G ratio of 1.96 and a beta of 0.82. The business has a 50 day moving average of $27.85 and a 200 day moving average of $28.26. Getty Realty Corporation has a 52 week low of $25.62 and a 52 week high of $33.85.

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). The business 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 forecast that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th were issued a $0.47 dividend. The ex-dividend date was Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a yield of 7.3%. Getty Realty’s dividend payout ratio is 163.48%.

Analysts Set New Price Targets

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

About Getty Realty