Getty Realty Corporation $GTY Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its position in shares of Getty Realty Corporation (NYSE:GTY) by 28.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,579 shares of the real estate investment trust’s stock after acquiring an additional 16,729 shares during the quarter. Royal Bank of Canada owned 0.13% of Getty Realty worth $2,435,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Amundi lifted its position in shares of Getty Realty by 12.7% during the first quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock worth $930,000 after purchasing an additional 3,463 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Getty Realty in the first quarter valued at approximately $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Getty Realty by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock worth $9,564,000 after buying an additional 23,370 shares during the period. Jane Street Group LLC increased its stake in Getty Realty by 105.8% during the 1st quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock worth $3,533,000 after buying an additional 58,255 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Getty Realty by 13.3% during the 2nd quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock worth $462,000 after buying an additional 1,961 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GTY. Huntington began coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 price target for the company. Royal Bank Of Canada upped their price objective on Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Citizens Jmp increased their price objective on Getty Realty from $35.00 to $39.00 and gave the company a “market outperform” rating in a research note on Thursday, July 23rd. Citigroup reiterated an “outperform” rating on shares of Getty Realty in a report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Getty Realty in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.29.

Getty Realty Stock Up 0.2%

Shares of Getty Realty stock opened at $33.25 on Monday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95. Getty Realty Corporation has a 52-week low of $25.39 and a 52-week high of $36.83. The company has a market capitalization of $2.06 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.93 and a beta of 0.72. The company has a 50 day moving average of $33.96 and a 200 day moving average of $33.09.

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

Getty Realty Announces Dividend

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

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.