Sound Income Strategies LLC Makes New Investment in Getty Realty Corporation $GTY

Sound Income Strategies LLC purchased a new position in Getty Realty Corporation (NYSE:GTY) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 656,844 shares of the real estate investment trust’s stock, valued at approximately $18,326,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GTY. GAMMA Investing LLC lifted its stake in Getty Realty by 63.3% during the third quarter. GAMMA Investing LLC now owns 14,678 shares of the real estate investment trust’s stock valued at $415,000 after buying an additional 5,687 shares in the last quarter. Congress Asset Management Co. increased its position in shares of Getty Realty by 21.4% in the third quarter. Congress Asset Management Co. now owns 549,989 shares of the real estate investment trust’s stock worth $15,532,000 after acquiring an additional 96,831 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Getty Realty by 51.7% in the third quarter. Versant Capital Management Inc now owns 3,079 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 1,050 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Getty Realty during the second quarter valued at approximately $607,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Getty Realty during the second quarter valued at approximately $67,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Down 0.1%

NYSE GTY traded down $0.02 during trading on Friday, reaching $27.88. The company’s stock had a trading volume of 447,319 shares, compared to its average volume of 536,198. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $1.73 billion, a PE ratio of 17.00, a PEG ratio of 2.03 and a beta of 0.72. Getty Realty Corporation has a 1-year low of $25.39 and a 1-year high of $36.83. The business has a 50-day moving average price of $31.46 and a 200-day moving average price of $32.77.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $59.05 million for the quarter, compared to analyst estimates of $58.45 million. Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The business’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. On average, research analysts forecast that Getty Realty Corporation will post 2.45 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 24th were issued a $0.4850 dividend. The ex-dividend date was Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a yield of 7.0%. Getty Realty’s dividend payout ratio is currently 118.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GTY shares. Huntington started 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 for the company. Weiss Ratings downgraded shares of Getty Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on Getty Realty in a report on Wednesday, September 23rd. KeyCorp reaffirmed an “overweight” rating and issued a $36.00 target price on shares of Getty Realty in a research report on Thursday, September 24th. Finally, Citigroup reiterated a “market outperform” rating on shares of Getty Realty in a report on Wednesday, September 23rd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.75.

Getty Realty Profile

Getty Realty Corp. (NYSE:GTY) is a real estate investment trust that owns, leases and develops properties used primarily for convenience stores, gasoline stations and automotive service businesses. The company’s portfolio also includes properties supporting car washes, quick-service restaurants and other automotive-related activities.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are responsible for many property-level expenses such as taxes, insurance and maintenance.