Getty Realty Corporation $GTY Stock Holdings Lifted by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. raised its position in shares of Getty Realty Corporation (NYSE:GTY) by 17.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,756 shares of the real estate investment trust’s stock after purchasing an additional 8,385 shares during the period. Harvest Portfolios Group Inc.’s holdings in Getty Realty were worth $1,569,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GTY. Advisors Asset Management Inc. acquired a new position in Getty Realty in the first quarter worth approximately $31,000. US Bancorp DE increased its stake in shares of Getty Realty by 52.4% during the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 376 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Getty Realty by 111.3% during the 2nd quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 730 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Getty Realty in the 2nd quarter valued at $72,000. Finally, Quarry LP increased its position in Getty Realty by 32.1% during the first quarter. Quarry LP now owns 3,706 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 900 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Getty Realty Stock Up 1.3%

NYSE GTY opened at $27.27 on Friday. Getty Realty Corporation has a twelve month low of $25.39 and a twelve month high of $33.85. The stock has a market cap of $1.57 billion, a PE ratio of 21.30, a PEG ratio of 1.81 and a beta of 0.83. The firm has a 50-day simple moving average of $27.36 and a 200 day simple moving average of $27.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.00 and a current ratio of 2.00.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%.The firm had revenue of $55.59 million for the quarter, compared to analyst estimates of $53.19 million. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. On average, research analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Friday, December 26th will be paid a dividend of $0.485 per share. This is an increase from Getty Realty’s previous quarterly dividend of $0.47. This represents a $1.94 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, December 26th. Getty Realty’s dividend payout ratio is presently 151.56%.

About Getty Realty