Renaissance Technologies LLC Trims Stock Position in Getty Realty Corporation $GTY

Renaissance Technologies LLC decreased its stake in Getty Realty Corporation (NYSE:GTY) by 62.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 86,321 shares of the real estate investment trust’s stock after selling 142,403 shares during the period. Renaissance Technologies LLC’s holdings in Getty Realty were worth $2,745,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GTY. Vanguard Group Inc. raised its stake in Getty Realty by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock worth $232,343,000 after acquiring an additional 102,670 shares in the last quarter. State Street Corp boosted its stake in Getty Realty by 1.5% in the fourth quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust’s stock valued at $112,262,000 after acquiring an additional 60,137 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Getty Realty by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust’s stock worth $40,318,000 after purchasing an additional 28,155 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Getty Realty by 42.3% during 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 purchasing an additional 339,388 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Getty Realty by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 858,566 shares of the real estate investment trust’s stock worth $23,499,000 after purchasing an additional 47,800 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $33.41 on Monday. Getty Realty Corporation has a one year low of $25.39 and a one year high of $36.83. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 2.98 and a beta of 0.72. The company has a 50-day simple moving average of $33.92 and a 200-day simple moving average of $32.97. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26.

Getty Realty (NYSE:GTY) last released its quarterly 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 analysts’ expectations of $58.45 million. Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.Getty Realty’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. On average, analysts predict that Getty Realty Corporation will post 2.42 EPS for the current year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Thursday, September 24th. Getty Realty’s dividend payout ratio (DPR) is 118.29%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GTY shares. Huntington began coverage on Getty Realty in a report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 target price for the company. KeyCorp raised their price target on Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Royal Bank Of Canada lifted their price target 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. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Citigroup reissued an “outperform” rating on shares of Getty Realty in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.