245,069 Shares in Getty Realty Corporation $GTY Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC acquired a new stake in shares of Getty Realty Corporation (NYSE:GTY) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 245,069 shares of the real estate investment trust’s stock, valued at approximately $8,176,000. NFJ Investment Group LLC owned 0.40% of Getty Realty as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in Getty Realty in the first quarter worth $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Getty Realty by 3,996.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,159 shares during the last quarter. Avalon Trust Co bought a new position in shares of Getty Realty in the first quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Getty Realty by 36.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 418 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in Getty Realty in the 2nd quarter worth about $43,000. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Up 0.7%

NYSE:GTY opened at $33.33 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. Getty Realty Corporation has a 1-year low of $25.39 and a 1-year high of $36.83. The company has a 50-day moving average of $33.95 and a 200 day moving average of $33.19. The firm has a market cap of $2.06 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.92 and a beta of 0.72.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The business had revenue of $59.05 million for the quarter, compared to analysts’ expectations of $58.45 million. Getty Realty’s revenue for the quarter was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. As a group, research analysts anticipate that Getty Realty Corporation will post 2.45 EPS for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Thursday, September 24th. Getty Realty’s dividend payout ratio (DPR) is presently 118.29%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GTY shares. Huntington started coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Getty Realty in a research report on Friday, August 7th. KeyCorp lifted their price target on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Robert W. Baird boosted their price target on Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Citigroup reissued an “outperform” rating on shares of Getty Realty in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.29.

Getty Realty Company 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.