Delta Investment Management LLC Boosts Stake in Getty Realty Corporation $GTY

Delta Investment Management LLC lifted its holdings in shares of Getty Realty Corporation (NYSE:GTY) by 73.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,330 shares of the real estate investment trust’s stock after buying an additional 23,369 shares during the period. Delta Investment Management LLC owned approximately 0.10% of Getty Realty worth $1,484,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GTY. State Street Corp lifted its stake in Getty Realty by 3.3% during the 2nd quarter. State Street Corp now owns 3,858,470 shares of the real estate investment trust’s stock valued at $108,315,000 after acquiring an additional 124,350 shares during the period. Geode Capital Management LLC raised its holdings in shares of Getty Realty by 3.3% during the second quarter. Geode Capital Management LLC now owns 1,418,927 shares of the real estate investment trust’s stock valued at $39,224,000 after purchasing an additional 44,766 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Getty Realty by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 581,766 shares of the real estate investment trust’s stock valued at $16,080,000 after purchasing an additional 18,426 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Getty Realty by 58.1% in the second quarter. Qube Research & Technologies Ltd now owns 527,290 shares of the real estate investment trust’s stock worth $14,574,000 after purchasing an additional 193,851 shares during the last quarter. Finally, Invesco Ltd. grew its position in Getty Realty by 0.3% in the 2nd quarter. Invesco Ltd. now owns 511,476 shares of the real estate investment trust’s stock worth $14,137,000 after purchasing an additional 1,736 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Trading Up 0.0%

Getty Realty stock opened at $27.34 on Thursday. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $32.17. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 2.38 and a beta of 0.84. The firm has a 50 day moving average of $28.01 and a 200 day moving average of $27.83. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93.

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

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, December 26th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, December 26th. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. Getty Realty’s payout ratio is 151.56%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Getty Realty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a report on Wednesday, October 8th. Finally, Janney Montgomery Scott assumed coverage on Getty Realty in a research note on Thursday, October 16th. They set a “buy” rating and a $30.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Getty Realty presently has a consensus rating of “Moderate Buy” and an average target price of $31.80.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.