Hsbc Holdings PLC Makes New Investment in Getty Realty Corporation $GTY

Hsbc Holdings PLC acquired a new stake in shares of Getty Realty Corporation (NYSE:GTY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 134,875 shares of the real estate investment trust’s stock, valued at approximately $4,508,000.

A number of other large investors have also modified their holdings of the company. Advisors Asset Management Inc. bought a new position in Getty Realty in the first quarter worth $31,000. EverSource Wealth Advisors LLC increased its holdings in Getty Realty by 3,996.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,159 shares during the period. Avalon Trust Co acquired a new position in shares of Getty Realty in the 1st quarter valued at $38,000. Global Retirement Partners LLC acquired a new position in shares of Getty Realty in the 2nd quarter valued at $43,000. Finally, Danske Bank A S bought a new position in shares of Getty Realty during the 4th quarter worth about $44,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GTY. Robert W. Baird lifted their target price on shares of Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Getty Realty in a research report on Friday, August 7th. Citigroup restated an “outperform” rating on shares of Getty Realty in a research note on Thursday, July 23rd. Huntington started coverage on Getty Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price objective on the stock. Finally, Citizens Jmp upped their price objective on Getty Realty from $35.00 to $39.00 and gave the company a “market outperform” rating in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.29.

Getty Realty Trading Up 0.0%

Shares of Getty Realty stock opened at $32.96 on Friday. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $36.83. The stock has a market capitalization of $2.04 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.90 and a beta of 0.72. The company has a 50-day simple moving average of $33.98 and a 200 day simple moving average of $33.29. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The business’s 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. Research analysts expect that Getty Realty Corporation will post 2.45 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

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

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.