Ieq Capital LLC Buys Shares of 36,201 Getty Realty Corporation $GTY

Ieq Capital LLC purchased a new position in Getty Realty Corporation (NYSE:GTY) in the second quarter, Holdings Channel.com reports. The firm purchased 36,201 shares of the real estate investment trust’s stock, valued at approximately $1,208,000.

Several other hedge funds have also recently made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new stake in Getty Realty in the first quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its stake in Getty Realty by 3,996.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,159 shares during the last quarter. Avalon Trust Co purchased a new stake in Getty Realty during the 1st quarter valued at $38,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Getty Realty by 36.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 418 shares during the period. Finally, Global Retirement Partners LLC bought a new position in shares of Getty Realty during the 2nd quarter valued at $43,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GTY. Citigroup reissued an “outperform” rating on shares of Getty Realty in a research report on Thursday, July 23rd. Huntington began coverage on shares of Getty Realty in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 price objective on the stock. Royal Bank Of Canada raised their price objective on shares of Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Robert W. Baird raised their price objective on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, KeyCorp upped their target price on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.29.

Getty Realty Stock Performance

GTY opened at $33.25 on Thursday. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $36.83. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. The company has a fifty day moving average of $33.97 and a 200 day moving average of $33.28. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.96 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). The firm had revenue of $59.05 million for the quarter, compared to the consensus estimate of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The company’s quarterly revenue 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, sell-side analysts forecast that Getty Realty Corporation will post 2.45 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, September 24th. Getty Realty’s payout ratio is currently 118.29%.

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.