Cbre Investment Management Listed Real Assets LLC Acquires 229,937 Shares of Getty Realty Corporation $GTY

Cbre Investment Management Listed Real Assets LLC lifted its holdings in Getty Realty Corporation (NYSE:GTY) by 33.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 911,168 shares of the real estate investment trust’s stock after acquiring an additional 229,937 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Getty Realty were worth $28,410,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Getty Realty by 0.5% in the first quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust’s stock worth $246,369,000 after acquiring an additional 37,695 shares during the period. Brown Advisory Inc. boosted its stake in shares of Getty Realty by 0.7% in the first quarter. Brown Advisory Inc. now owns 778,816 shares of the real estate investment trust’s stock worth $24,283,000 after acquiring an additional 5,281 shares during the period. Northern Trust Corp lifted its position in shares of Getty Realty by 4.2% in the first quarter. Northern Trust Corp now owns 753,057 shares of the real estate investment trust’s stock worth $23,480,000 after buying an additional 30,403 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Getty Realty by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust’s stock worth $22,640,000 after buying an additional 10,552 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of Getty Realty by 21.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust’s stock worth $21,824,000 after buying an additional 125,491 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Trading Up 0.3%

Shares of GTY stock opened at $28.8340 on Friday. Getty Realty Corporation has a 1 year low of $26.42 and a 1 year high of $33.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The stock’s 50 day simple moving average is $27.99 and its two-hundred day simple moving average is $29.01. The company has a market cap of $1.63 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The company had revenue of $51.31 million for the quarter, compared to analysts’ expectations of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. Research analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, September 25th. Getty Realty’s dividend payout ratio is presently 163.48%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. KeyCorp decreased their target price on Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. UBS Group boosted their target price on Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Finally, Wall Street Zen downgraded Getty Realty from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.67.

About Getty Realty