KLP Kapitalforvaltning AS Raises Stock Position in Getty Realty Corporation $GTY

KLP Kapitalforvaltning AS raised its holdings in shares of Getty Realty Corporation (NYSE:GTY) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,500 shares of the real estate investment trust’s stock after buying an additional 500 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.05% of Getty Realty worth $799,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GTY. SG Americas Securities LLC grew its holdings in shares of Getty Realty by 417.1% in the first quarter. SG Americas Securities LLC now owns 23,415 shares of the real estate investment trust’s stock valued at $730,000 after purchasing an additional 18,887 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Getty Realty by 2.8% during the first quarter. Asset Management One Co. Ltd. now owns 142,565 shares of the real estate investment trust’s stock worth $4,445,000 after buying an additional 3,852 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Getty Realty in the first quarter valued at approximately $445,000. Clear Creek Financial Management LLC increased its stake in Getty Realty by 29.7% in the first quarter. Clear Creek Financial Management LLC now owns 11,881 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 2,723 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its position in shares of Getty Realty by 8.1% during the first quarter. DAVENPORT & Co LLC now owns 45,042 shares of the real estate investment trust’s stock worth $1,404,000 after acquiring an additional 3,389 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Price Performance

Getty Realty stock opened at $26.90 on Friday. The company has a market cap of $1.52 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. Getty Realty Corporation has a one year low of $25.39 and a one year high of $33.85. The business has a fifty day moving average of $27.63 and a two-hundred day moving average of $28.10.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (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, analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 25th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Thursday, September 25th. Getty Realty’s dividend payout ratio (DPR) is currently 163.48%.

Wall Street Analysts Forecast Growth

GTY has been the topic of a number of research reports. Wall Street Zen upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Janney Montgomery Scott initiated coverage on shares of Getty Realty in a research report on Thursday. They set a “buy” rating and a $30.00 target price on the stock. UBS Group raised their target price on shares of Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.17.

Getty Realty Company Profile