Getty Realty Corporation $GTY Shares Purchased by Boston Partners

Boston Partners increased its stake in Getty Realty Corporation by 142.2% in Q2, owning 197,776 shares worth $5.467 million. Analysts have issued mixed ratings, with an average rating of "Moderate Buy" and a price target of $31.80. Getty Realty's stock opened at $28.47, with a market cap of $1.64 billion. The company reported Q3 earnings of $0.62 per share, beating estimates. Getty Realty increased its quarterly dividend to $0.485 per share, yielding 6.8% annually.

Boston Partners increased its stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 142.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,776 shares of the real estate investment trust's stock after buying an additional 116,108 shares during the quarter. Boston Partners owned about 0.35% of Getty Realty worth $5,467,000 at the end of the most recent reporting period.

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Several other large investors also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new stake in shares of Getty Realty in the 1st quarter worth $31,000. US Bancorp DE grew its holdings in shares of Getty Realty by 52.4% in the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 376 shares during the period. Signaturefd LLC increased its position in Getty Realty by 111.3% during 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 last quarter. Hantz Financial Services Inc. acquired a new stake in Getty Realty during the second quarter worth about $72,000. Finally, Quarry LP raised 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 worth $116,000 after purchasing an additional 900 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Getty Realty in a report on Wednesday, October 8th. Janney Montgomery Scott started coverage on Getty Realty in a research report on Thursday, October 16th. They issued a "buy" rating and a $30.00 price objective for the company. Wall Street Zen upgraded Getty Realty from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, UBS Group upped their price target on Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $31.80.

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Read Our Latest Stock Analysis on GTY

Getty Realty Stock Up 0.4%

Shares of GTY opened at $28.47 on Friday. The company's 50-day simple moving average is $27.34 and its 200-day simple moving average is $27.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.00 and a current ratio of 2.00. Getty Realty Corporation has a 1 year low of $25.39 and a 1 year high of $33.85. The stock has a market capitalization of $1.64 billion, a PE ratio of 22.24, a P/E/G ratio of 1.81 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $55.59 million for the quarter, compared to the consensus estimate of $53.19 million. Getty Realty had a net margin of 34.76% and a return on equity of 7.60%. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. Analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Friday, December 26th will be given a dividend of $0.485 per share. This is an increase from Getty Realty's previous quarterly dividend of $0.47. This represents a $1.94 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, December 26th. Getty Realty's dividend payout ratio is currently 151.56%.

Getty Realty Company Profile

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