Getty Realty Corporation $GTY Holdings Boosted by Legato Capital Management LLC

Legato Capital Management LLC boosted its holdings in Getty Realty Corporation (NYSE:GTY) by 103.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,654 shares of the real estate investment trust’s stock after acquiring an additional 22,229 shares during the period. Legato Capital Management LLC’s holdings in Getty Realty were worth $1,195,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GTY. Schonfeld Strategic Advisors LLC lifted its holdings in Getty Realty by 2,308.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 457,536 shares of the real estate investment trust’s stock worth $12,276,000 after acquiring an additional 438,540 shares during the last quarter. Millennium Management LLC lifted its holdings in Getty Realty by 42.3% in the third quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock worth $30,651,000 after acquiring an additional 339,388 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Getty Realty by 419.7% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 286,923 shares of the real estate investment trust’s stock worth $7,698,000 after acquiring an additional 231,714 shares during the last quarter. LSV Asset Management lifted its holdings in Getty Realty by 1,467.5% in the fourth quarter. LSV Asset Management now owns 233,563 shares of the real estate investment trust’s stock worth $6,393,000 after acquiring an additional 218,663 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in Getty Realty by 58.1% in the second quarter. Qube Research & Technologies Ltd now owns 527,290 shares of the real estate investment trust’s stock worth $14,574,000 after acquiring an additional 193,851 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

GTY opened at $33.24 on Monday. The business’s 50 day moving average is $33.06 and its 200-day moving average is $30.78. 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. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. Getty Realty Corporation has a twelve month low of $25.39 and a twelve month high of $34.75.

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

Getty Realty Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on GTY. Weiss Ratings raised Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. UBS Group lifted their price target on Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Robert W. Baird lifted their price target on Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $35.00 price target on shares of Getty Realty in a report on Friday, April 24th. Finally, KeyCorp lifted their price target on Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Three 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, Getty Realty has a consensus rating of “Moderate Buy” and a consensus target price 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.