Getty Realty Corporation $GTY Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of Getty Realty Corporation (NYSE:GTY) by 54.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 479,414 shares of the real estate investment trust’s stock after purchasing an additional 168,345 shares during the quarter. JPMorgan Chase & Co.’s holdings in Getty Realty were worth $13,251,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new stake in shares of Getty Realty in the 1st quarter valued at approximately $31,000. US Bancorp DE lifted its stake in Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 376 shares during the last quarter. Signaturefd LLC boosted its holdings in Getty Realty by 111.3% in the second quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 730 shares during the period. Hantz Financial Services Inc. bought a new stake in Getty Realty during the second quarter valued at $72,000. Finally, Quarry LP increased its stake in Getty Realty by 32.1% during the first quarter. Quarry LP now owns 3,706 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GTY shares. Wall Street Zen raised shares of 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. UBS Group upped their target price on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Finally, Janney Montgomery Scott began coverage on Getty Realty in a research report on Thursday, October 16th. They set a “buy” rating and a $30.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.80.

Getty Realty Trading Up 0.5%

Getty Realty stock opened at $27.91 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $27.46 and a two-hundred day moving average price of $27.93. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.45 and a beta of 0.84. Getty Realty Corporation has a 52-week low of $25.39 and a 52-week high of $32.64.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $55.59 million for the quarter, compared to analysts’ expectations of $53.19 million. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%.Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. Sell-side analysts expect 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. Shareholders of record on Friday, December 26th will be given a dividend of $0.485 per share. This is a boost from Getty Realty’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, December 26th. This represents a $1.94 dividend on an annualized basis and a yield of 7.0%. Getty Realty’s payout ratio is presently 146.88%.

About Getty Realty