Getty Realty Corporation (NYSE:GTY) Short Interest Down 30.3% in September

Getty Realty Corporation (NYSE:GTY) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 2,530,000 shares, a decrease of 30.3% from the September 15th total of 3,630,000 shares. Based on an average daily volume of 342,500 shares, the days-to-cover ratio is currently 7.4 days. Based on an average daily volume of 342,500 shares, the days-to-cover ratio is currently 7.4 days.

Getty Realty Trading Down 1.3%

Shares of GTY opened at $27.86 on Friday. Getty Realty has a twelve month low of $25.39 and a twelve month high of $33.85. The company has a market cap of $1.58 billion, a P/E ratio of 21.76, a P/E/G ratio of 2.04 and a beta of 0.82. The company has a current ratio of 2.00, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The company’s fifty day simple moving average is $27.56 and its 200-day simple moving average is $28.02.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $55.59 million for the quarter, compared to analysts’ expectations of $53.19 million. Getty Realty had a net margin of 34.76% and a return on equity of 7.60%. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. As a group, analysts expect that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Friday, December 26th will be issued a $0.485 dividend. The ex-dividend date is Friday, December 26th. This is a boost from Getty Realty’s previous quarterly dividend of $0.47. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.0%. Getty Realty’s dividend payout ratio (DPR) is currently 151.56%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GTY. Advisors Asset Management Inc. bought a new position in shares of Getty Realty in the first quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 valued at $33,000 after purchasing an additional 1,159 shares in the last quarter. US Bancorp DE increased its holdings in Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 376 shares during the period. Farther Finance Advisors LLC raised its stake in Getty Realty by 288.6% in the third quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,013 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Getty Realty by 111.3% during the second quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 730 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Janney Montgomery Scott initiated coverage on shares of Getty Realty in a research note on Thursday, October 16th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, UBS Group increased their target price on shares of Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Getty Realty currently has an average rating of “Moderate Buy” and an average price target of $31.80.

About Getty Realty