UBS Group AG Grows Stake in Getty Realty Corporation $GTY

UBS Group AG increased its stake in Getty Realty Corporation (NYSE:GTY) by 15.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,514 shares of the real estate investment trust’s stock after acquiring an additional 23,779 shares during the period. UBS Group AG’s holdings in Getty Realty were worth $4,941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new position in Getty Realty in the third quarter worth about $1,312,000. Vanguard Group Inc. lifted its stake in Getty Realty by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock worth $232,343,000 after purchasing an additional 102,670 shares during the last quarter. Pensionfund Sabic bought a new stake in Getty Realty in the fourth quarter worth about $671,000. Cbre Investment Management Listed Real Assets LLC lifted its stake in Getty Realty by 7.0% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 505,431 shares of the real estate investment trust’s stock worth $13,561,000 after purchasing an additional 32,924 shares during the last quarter. Finally, Pensionfund PDN bought a new stake in Getty Realty in the fourth quarter worth about $1,177,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

Getty Realty stock opened at $33.46 on Friday. The company has a 50 day moving average price of $33.06 and a 200-day moving average price of $30.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.24 and a current ratio of 2.24. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $34.75. The company has a market capitalization of $2.02 billion, a PE ratio of 22.01, a P/E/G ratio of 2.80 and a beta of 0.75.

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

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, June 25th. Getty Realty’s payout ratio is currently 127.63%.

Analysts Set New Price Targets

Several brokerages have issued reports on GTY. Weiss Ratings raised shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. UBS Group raised their price objective on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Robert W. Baird raised their price objective on shares of Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. KeyCorp raised their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $35.00 price objective on shares of Getty Realty in a research note on Friday, April 24th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.60.

Getty Realty Company 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.