Ranch Capital Advisors Inc. Takes $1.78 Million Position in Getty Realty Corporation $GTY

Ranch Capital Advisors Inc. acquired a new stake in Getty Realty Corporation (NYSE:GTY) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 55,314 shares of the real estate investment trust’s stock, valued at approximately $1,777,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GTY. Amundi increased its holdings in Getty Realty by 12.7% in 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. bought a new position in shares of Getty Realty during the 1st quarter worth approximately $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 in the last quarter. Jane Street Group LLC grew its position in shares of 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 increased its stake in shares of Getty Realty by 13.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock valued at $462,000 after acquiring an additional 1,961 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup reiterated a “market outperform” rating on shares of Getty Realty in a research report on Friday, June 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $35.00 price target on shares of Getty Realty in a research note on Friday, April 24th. Huntington began coverage on shares of Getty Realty in a research report on Wednesday. They set an “outperform” rating and a $37.00 price objective on the stock. Robert W. Baird raised their target price on Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, KeyCorp boosted their target price on Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.17.

Getty Realty Price Performance

Shares of GTY opened at $36.22 on Friday. The business’s fifty day moving average is $33.45 and its 200 day moving average is $32.30. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $36.53. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.92. The stock has a market cap of $2.19 billion, a P/E ratio of 23.83, a P/E/G ratio of 2.97 and a beta of 0.72.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 EPS for the quarter, beating 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 business had revenue of $57.84 million during the quarter, compared to analyst estimates of $58.41 million. During the same quarter in the previous year, the business posted $0.59 EPS. Getty Realty’s quarterly revenue was up 10.5% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Sell-side analysts anticipate that Getty Realty Corporation will post 2.42 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.94 annualized dividend and a dividend yield of 5.4%. Getty Realty’s payout ratio is presently 127.63%.

About Getty Realty

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.