Mitsubishi UFJ Asset Management Co. Ltd. Invests $1.61 Million in Getty Realty Corporation $GTY

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Getty Realty Corporation (NYSE:GTY) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 48,164 shares of the real estate investment trust’s stock, valued at approximately $1,607,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Getty Realty by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock worth $232,343,000 after buying an additional 102,670 shares during the last quarter. State Street Corp increased its stake in Getty Realty by 1.5% during the 4th quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust’s stock worth $112,262,000 after buying an additional 60,137 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Getty Realty by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust’s stock valued at $40,318,000 after acquiring an additional 28,155 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Getty Realty by 42.3% during the third quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock valued at $30,651,000 after acquiring an additional 339,388 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Getty Realty by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 858,566 shares of the real estate investment trust’s stock valued at $23,499,000 after acquiring an additional 47,800 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Trading Down 0.6%

Shares of Getty Realty stock opened at $33.16 on Friday. The stock has a market cap of $2.05 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.94 and a beta of 0.72. The stock’s 50 day simple moving average is $33.94 and its 200-day simple moving average is $33.19. Getty Realty Corporation has a 1-year low of $25.39 and a 1-year high of $36.83. 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 (NYSE:GTY) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The company had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. The firm’s revenue was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Analysts predict that Getty Realty Corporation will post 2.45 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be paid 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 5.9%. Getty Realty’s dividend payout ratio (DPR) is 118.29%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GTY shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Getty Realty in a research note on Friday, August 7th. Huntington began coverage on Getty Realty in a report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 price objective on the stock. Citigroup reaffirmed an “outperform” rating on shares of Getty Realty in a research note on Thursday, July 23rd. Royal Bank Of Canada upped their target price 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. Finally, Citizens Jmp increased their target price on shares of Getty Realty from $35.00 to $39.00 and gave the company a “market outperform” rating in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.29.

Getty Realty 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.