134,875 Shares in Getty Realty Corporation $GTY Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in Getty Realty Corporation (NYSE:GTY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 134,875 shares of the real estate investment trust’s stock, valued at approximately $4,508,000. Hsbc Holdings PLC owned about 0.22% of Getty Realty as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Getty Realty by 26.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 360 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Getty Realty by 3.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 400 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Getty Realty by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 25,441 shares of the real estate investment trust’s stock worth $703,000 after buying an additional 548 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Getty Realty by 48.0% during the 4th quarter. Fifth Third Bancorp now owns 1,902 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 617 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Getty Realty by 4.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,981 shares of the real estate investment trust’s stock valued at $497,000 after acquiring an additional 739 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GTY has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their target price on Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Robert W. Baird upped their price objective on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. KeyCorp raised their target price on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Citigroup reiterated an “outperform” rating on shares of Getty Realty in a report on Thursday, July 23rd. Finally, Huntington started coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price for the company. Six 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.29.

Getty Realty Stock Up 0.0%

GTY opened at $32.96 on Friday. Getty Realty Corporation has a 1-year low of $25.39 and a 1-year high of $36.83. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.90 and a beta of 0.72. The business has a 50 day moving average of $33.98 and a 200-day moving average of $33.29.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $59.05 million for the quarter, compared to the consensus estimate of $58.45 million. Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. As a group, sell-side analysts anticipate that Getty Realty Corporation will post 2.45 earnings per share for the current year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.485 per share. The ex-dividend date is Thursday, September 24th. This represents a $1.94 annualized dividend and a dividend yield of 5.9%. Getty Realty’s payout ratio is presently 118.29%.

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.