NFJ Investment Group LLC Acquires New Holdings in Getty Realty Corporation $GTY

NFJ Investment Group LLC bought a new stake in Getty Realty Corporation (NYSE:GTY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 245,069 shares of the real estate investment trust’s stock, valued at approximately $8,176,000.

A number of other large investors have also added to or reduced their stakes in GTY. BlackRock Inc. purchased a new stake in shares of Getty Realty during the second quarter valued at about $344,815,000. Fidelity National Financial Inc. bought a new stake in shares of Getty Realty in the 2nd quarter valued at about $20,089,000. Bank of New York Mellon Corp purchased a new position in shares of Getty Realty in the 2nd quarter worth approximately $16,707,000. Schonfeld Strategic Advisors LLC grew its position in shares of Getty Realty by 2,308.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 457,536 shares of the real estate investment trust’s stock worth $12,276,000 after buying an additional 438,540 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Getty Realty by 164.7% during the 4th quarter. Marshall Wace LLP now owns 637,865 shares of the real estate investment trust’s stock worth $17,458,000 after acquiring an additional 396,897 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Price Performance

Shares of GTY opened at $33.33 on Friday. The firm has a market capitalization of $2.06 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.92 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. Getty Realty Corporation has a 1-year low of $25.39 and a 1-year high of $36.83. The company’s fifty day moving average price is $33.95 and its 200-day moving average price is $33.19.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. Getty Realty’s revenue for the quarter was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. On average, equities research analysts predict that Getty Realty Corporation will post 2.45 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. Getty Realty’s dividend payout ratio is currently 118.29%.

Analyst Ratings Changes

A number of equities research analysts recently commented on GTY shares. Robert W. Baird increased their target price on shares of Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada lifted their price target on shares of Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Citigroup reaffirmed an “outperform” rating on shares of Getty Realty in a research report on Thursday, July 23rd. KeyCorp increased their price objective on Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Huntington assumed coverage on Getty Realty in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Getty Realty has an average rating of “Moderate Buy” and a consensus target price of $35.29.

About Getty Realty

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.