Legal & General Group Plc Increases Stake in Getty Realty Corporation $GTY

Legal & General Group Plc lifted its stake in Getty Realty Corporation (NYSE:GTY) by 17.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 368,845 shares of the real estate investment trust’s stock after purchasing an additional 55,149 shares during the quarter. Legal & General Group Plc’s holdings in Getty Realty were worth $10,095,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GTY. Schonfeld Strategic Advisors LLC raised 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 valued at $12,276,000 after purchasing an additional 438,540 shares during the last quarter. Millennium Management LLC raised its position in shares of Getty Realty by 42.3% in the 3rd quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock valued at $30,651,000 after purchasing an additional 339,388 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Getty Realty by 419.7% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 286,923 shares of the real estate investment trust’s stock valued at $7,698,000 after purchasing an additional 231,714 shares during the last quarter. LSV Asset Management raised its position in shares of Getty Realty by 1,467.5% in the 4th quarter. LSV Asset Management now owns 233,563 shares of the real estate investment trust’s stock valued at $6,393,000 after purchasing an additional 218,663 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Getty Realty by 58.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 527,290 shares of the real estate investment trust’s stock valued at $14,574,000 after purchasing an additional 193,851 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

GTY opened at $32.21 on Friday. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $34.75. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $1.95 billion, a PE ratio of 21.19, a P/E/G ratio of 2.68 and a beta of 0.73. The firm has a 50 day moving average of $33.01 and a two-hundred day moving average of $31.12.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The company had revenue of $57.84 million during the quarter, compared to analyst estimates of $58.41 million. During the same period last year, the firm posted $0.59 EPS. Getty Realty’s revenue for the quarter was up 10.5% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. On average, analysts anticipate that Getty Realty Corporation will post 2.4 EPS for the current year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.94 dividend on an annualized basis and a yield of 6.0%. Getty Realty’s dividend payout ratio (DPR) is currently 127.63%.

Analysts Set New Price Targets

GTY has been the subject of several research analyst reports. Robert W. Baird increased their price objective on shares of Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $35.00 price objective on shares of Getty Realty in a research report on Friday, April 24th. UBS Group raised their price target on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Weiss Ratings raised shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, KeyCorp raised their price target on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Getty Realty has a consensus rating of “Moderate Buy” and an average price target of $33.60.

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.