Segall Bryant & Hamill LLC Sells 19,465 Shares of Getty Realty Corporation $GTY

Segall Bryant & Hamill LLC reduced its holdings in shares of Getty Realty Corporation (NYSE:GTY) by 27.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,249 shares of the real estate investment trust’s stock after selling 19,465 shares during the period. Segall Bryant & Hamill LLC owned about 0.08% of Getty Realty worth $1,630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new position in Getty Realty in the first quarter worth about $31,000. Newbridge Financial Services Group Inc. acquired a new stake in Getty Realty during the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 1,159 shares during the period. Avalon Trust Co bought a new stake in shares of Getty Realty in the 1st quarter valued at approximately $38,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Getty Realty by 36.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 418 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

Shares of NYSE:GTY opened at $33.53 on Wednesday. Getty Realty Corporation has a twelve month low of $25.39 and a twelve month high of $36.83. The firm has a market cap of $2.08 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 3.03 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. The business has a fifty day moving average of $33.89 and a 200-day moving average of $32.90.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The company had revenue of $59.05 million for the quarter, compared to analyst estimates of $58.45 million. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. On average, equities research analysts predict that Getty Realty Corporation will post 2.42 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be given 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, September 24th. Getty Realty’s dividend payout ratio is presently 118.29%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. KeyCorp boosted their price target on Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Royal Bank Of Canada increased their price objective on Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Huntington began 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. Finally, Robert W. Baird increased their target price on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.29.

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.