B&I Capital AG Sells 21,350 Shares of Getty Realty Corporation $GTY

B&I Capital AG trimmed its holdings in Getty Realty Corporation (NYSE:GTY) by 11.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,330 shares of the real estate investment trust’s stock after selling 21,350 shares during the quarter. Getty Realty accounts for 1.6% of B&I Capital AG’s portfolio, making the stock its 26th largest holding. B&I Capital AG owned approximately 0.30% of Getty Realty worth $4,736,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Getty Realty during the first quarter worth $9,507,000. Cbre Investment Management Listed Real Assets LLC lifted its stake 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 valued at $28,410,000 after acquiring an additional 229,937 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Getty Realty by 54.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 479,414 shares of the real estate investment trust’s stock valued at $13,251,000 after purchasing an additional 168,345 shares during the last quarter. Boston Partners boosted its stake in Getty Realty by 142.2% in the second quarter. Boston Partners now owns 197,776 shares of the real estate investment trust’s stock valued at $5,467,000 after acquiring an additional 116,108 shares during the last quarter. Finally, Truvestments Capital LLC grew its stake 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. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GTY shares. Wall Street Zen raised Getty Realty from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. UBS Group boosted their price objective 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. Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a research report on Wednesday, October 8th. Finally, Janney Montgomery Scott initiated coverage on shares of Getty Realty in a research report on Thursday, October 16th. They issued a “buy” rating and a $30.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Getty Realty has a consensus rating of “Moderate Buy” and a consensus target price of $31.80.

Getty Realty Stock Down 0.6%

NYSE GTY opened at $28.42 on Thursday. The business has a fifty day moving average price of $27.31 and a two-hundred day moving average price of $27.95. The stock has a market capitalization of $1.64 billion, a PE ratio of 22.20, a PEG ratio of 1.81 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.00 and a quick ratio of 2.00. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $33.85.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Getty Realty had a net margin of 34.76% and a return on equity of 7.60%. The company had revenue of $55.59 million during the quarter, compared to the consensus estimate of $53.19 million. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. Equities analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Friday, December 26th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Friday, December 26th. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. Getty Realty’s dividend payout ratio (DPR) is currently 151.56%.

Getty Realty Company Profile