UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 287,689 Shares of Getty Realty Corporation $GTY

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Getty Realty Corporation (NYSE:GTY) by 20,892.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 289,066 shares of the real estate investment trust’s stock after acquiring an additional 287,689 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.47% of Getty Realty worth $9,643,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GTY. Advisors Asset Management Inc. acquired a new position in shares of Getty Realty during the 1st quarter worth $31,000. EverSource Wealth Advisors LLC increased its position in Getty Realty by 3,996.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,159 shares during the last quarter. Avalon Trust Co bought a new position in Getty Realty during the first quarter valued at about $38,000. Global Retirement Partners LLC acquired a new stake in shares of Getty Realty in the second quarter worth about $43,000. Finally, Optiver Holding B.V. increased its holdings in shares of Getty Realty by 380.2% during the 1st quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,232 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Getty Realty Price Performance

NYSE:GTY opened at $32.46 on Monday. The stock has a market cap of $2.01 billion, a P/E ratio of 19.79, a PEG ratio of 2.87 and a beta of 0.72. Getty Realty Corporation has a one year low of $25.39 and a one year high of $36.83. The company has a fifty day moving average price of $33.87 and a 200 day moving average price of $33.31. 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 (NYSE:GTY) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The company had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. 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. Analysts anticipate that Getty Realty Corporation will post 2.45 earnings per share for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a yield of 6.0%. Getty Realty’s dividend payout ratio (DPR) is 118.29%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GTY. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Getty Realty in a research report on Friday, August 7th. Royal Bank Of Canada lifted their target price 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. 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. Citizens Jmp reiterated a “market outperform” rating and issued a $39.00 price objective on shares of Getty Realty in a research note on Tuesday, September 1st. Finally, Robert W. Baird boosted their price objective on Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.29.

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.