Metis Global Partners LLC Increases Stock Holdings in Getty Realty Corporation $GTY

by · The Cerbat Gem

Metis Global Partners LLC boosted its stake in Getty Realty Corporation (NYSE:GTY – Free Report) by 31.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,421 shares of the real estate investment trust’s stock after purchasing an additional 2,005 shares during the quarter. Metis Global Partners LLC’s holdings in Getty Realty were worth $233,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GTY. Vanguard Group Inc. boosted its stake in shares of Getty Realty by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust’s stock valued at $246,369,000 after purchasing an additional 37,695 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Getty Realty by 1.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,770,092 shares of the real estate investment trust’s stock worth $117,551,000 after buying an additional 40,120 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its position in Getty Realty by 33.8% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust’s stock valued at $28,410,000 after acquiring an additional 229,937 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Getty Realty by 4.2% during the 1st quarter. Northern Trust Corp now owns 753,057 shares of the real estate investment trust’s stock worth $23,480,000 after acquiring an additional 30,403 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Getty Realty by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 581,766 shares of the real estate investment trust’s stock worth $16,080,000 after acquiring an additional 18,426 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Stock Up 1.6%

GTY stock opened at $27.82 on Friday. The business has a 50 day moving average of $27.29 and a 200 day moving average of $27.94. The firm has a market cap of $1.61 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83. Getty Realty Corporation has a twelve month low of $25.39 and a twelve month high of $33.85. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.93.

Getty Realty (NYSE:GTY – Get Free Report) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations 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 fiscal year.

Getty Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, December 26th will be given a dividend of $0.485 per share. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 26th. This represents a $1.94 annualized dividend and a yield of 7.0%. Getty Realty’s payout ratio is currently 151.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group raised their target price on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. 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 shares of Getty Realty in a research report on Thursday, October 16th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research note 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.80.

Get Our Latest Report on Getty Realty

Getty Realty Company Profile

(Free Report)

Further Reading

Want to see what other hedge funds are holding GTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Getty Realty Corporation (NYSE:GTY – Free Report).