Thrivent Financial for Lutherans Boosts Stock Holdings in Getty Realty Corporation $GTY

Thrivent Financial for Lutherans grew its position in shares of Getty Realty Corporation (NYSE:GTY) by 23.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 92,477 shares of the real estate investment trust’s stock after buying an additional 17,389 shares during the period. Thrivent Financial for Lutherans’ holdings in Getty Realty were worth $2,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Versor Investments LP purchased a new position in shares of Getty Realty during the 3rd quarter valued at approximately $1,312,000. Vanguard Group Inc. increased its holdings in Getty Realty by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock worth $232,343,000 after acquiring an additional 102,670 shares in the last quarter. Pensionfund Sabic purchased a new stake in Getty Realty in the 4th quarter worth $671,000. Cbre Investment Management Listed Real Assets LLC increased its holdings in Getty Realty by 7.0% in the 3rd 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 acquiring an additional 32,924 shares in the last quarter. Finally, Pensionfund PDN purchased a new stake in Getty Realty in the 4th quarter worth $1,177,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Trading Up 0.0%

Shares of GTY opened at $33.24 on Monday. The firm’s fifty day moving average is $33.06 and its two-hundred day moving average is $30.78. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.92. The stock has a market cap of $2.01 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.77 and a beta of 0.75. Getty Realty Corporation has a 52-week low of $25.39 and a 52-week high of $34.75.

Getty Realty (NYSE:GTY) last announced 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. The firm had revenue of $57.84 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Research analysts forecast that Getty Realty Corporation will post 2.4 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

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

Analyst Ratings Changes

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