DAVENPORT & Co LLC Sells 545 Shares of Getty Realty Corporation $GTY

DAVENPORT & Co LLC decreased its position in shares of Getty Realty Corporation (NYSE:GTY) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,497 shares of the real estate investment trust’s stock after selling 545 shares during the quarter. DAVENPORT & Co LLC owned about 0.08% of Getty Realty worth $1,230,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GTY. Nuveen LLC bought a new position in Getty Realty during the 1st quarter worth approximately $9,507,000. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Getty Realty by 33.8% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust’s stock worth $28,410,000 after buying an additional 229,937 shares during the period. Truvestments Capital LLC grew its position in shares of Getty Realty by 34,222.5% during the 1st quarter. Truvestments Capital LLC now owns 109,832 shares of the real estate investment trust’s stock worth $3,425,000 after buying an additional 109,512 shares during the period. Castellan Group acquired a new stake in shares of Getty Realty during the 1st quarter worth approximately $3,066,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Getty Realty during the 1st quarter worth approximately $2,543,000. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

NYSE GTY opened at $25.78 on Friday. The company has a fifty day simple moving average of $27.81 and a 200 day simple moving average of $28.22. Getty Realty Corporation has a 12-month low of $25.62 and a 12-month high of $33.85. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.46 billion, a P/E ratio of 22.42, a PEG ratio of 1.86 and a beta of 0.82.

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

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 25th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.88 annualized dividend and a yield of 7.3%. Getty Realty’s dividend payout ratio (DPR) is presently 163.48%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GTY shares. UBS Group raised their price objective on shares of Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a research report on Wednesday. Finally, Wall Street Zen raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Three equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.60.

Getty Realty Company Profile