Natixis Advisors LLC Grows Stock Holdings in Getty Realty Corporation $GTY

Natixis Advisors LLC increased its stake in shares of Getty Realty Corporation (NYSE:GTY) by 4.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 422,988 shares of the real estate investment trust’s stock after acquiring an additional 18,519 shares during the period. Natixis Advisors LLC’s holdings in Getty Realty were worth $11,577,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in Getty Realty by 26.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 360 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Getty Realty by 3.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Getty Realty by 36.2% in the fourth 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 purchasing an additional 418 shares in the last quarter. Chatham Capital Group Inc. lifted its holdings in shares of Getty Realty by 0.8% in the fourth quarter. Chatham Capital Group Inc. now owns 60,052 shares of the real estate investment trust’s stock valued at $1,644,000 after purchasing an additional 465 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Getty Realty by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 25,441 shares of the real estate investment trust’s stock valued at $703,000 after purchasing an additional 548 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

NYSE:GTY opened at $32.99 on Friday. The firm has a 50 day simple moving average of $33.03 and a 200-day simple moving average of $31.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market cap of $1.99 billion, a PE ratio of 21.70, a P/E/G ratio of 2.75 and a beta of 0.73. Getty Realty Corporation has a 1-year low of $25.39 and a 1-year high of $34.75.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The business had revenue of $57.84 million during the quarter, compared to analyst estimates of $58.41 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 earnings per share. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. On average, equities analysts expect that Getty Realty Corporation will post 2.4 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, June 25th. Getty Realty’s payout ratio is currently 127.63%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. KeyCorp upped their price target 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $35.00 price target on shares of Getty Realty in a report on Friday, April 24th. Robert W. Baird upped their price target on shares of Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. UBS Group upped their price target on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Finally, Weiss Ratings raised shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.60.

Getty Realty 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.