Thrivent Financial for Lutherans Increases Position in Getty Realty Corporation $GTY

Thrivent Financial for Lutherans lifted its position in Getty Realty Corporation (NYSE:GTY) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,477 shares of the real estate investment trust’s stock after purchasing an additional 17,389 shares during the period. Thrivent Financial for Lutherans owned about 0.16% of Getty Realty worth $2,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GTY. Vanguard Group Inc. boosted its position in shares of Getty Realty by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock worth $232,343,000 after acquiring an additional 102,670 shares during the last quarter. State Street Corp lifted its position in Getty Realty by 3.3% during the second quarter. State Street Corp now owns 3,858,470 shares of the real estate investment trust’s stock valued at $108,315,000 after purchasing an additional 124,350 shares during the last quarter. Millennium Management LLC lifted its position in 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 purchasing an additional 339,388 shares during the last quarter. Invesco Ltd. lifted its position in Getty Realty by 11.3% during the third quarter. Invesco Ltd. now owns 569,024 shares of the real estate investment trust’s stock valued at $15,267,000 after purchasing an additional 57,548 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Getty Realty by 58.1% during the second 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 Trading Up 0.0%

Shares of GTY opened at $33.24 on Monday. Getty Realty Corporation has a twelve month low of $25.39 and a twelve month high of $34.75. The company has a market cap of $2.01 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.77 and a beta of 0.75. 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 company’s fifty day simple moving average is $33.06 and its 200-day simple moving average is $30.78.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. The business had revenue of $57.84 million for the quarter, compared to the consensus estimate of $58.41 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. As a group, analysts expect that Getty Realty Corporation will post 2.4 EPS for the current year.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 5.8%. The ex-dividend date is Thursday, June 25th. Getty Realty’s payout ratio is presently 127.63%.

Analysts Set New Price Targets

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