LSV Asset Management Has $6.39 Million Stake in Getty Realty Corporation $GTY

LSV Asset Management increased its position in shares of Getty Realty Corporation (NYSE:GTY) by 1,467.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 233,563 shares of the real estate investment trust’s stock after purchasing an additional 218,663 shares during the period. LSV Asset Management’s holdings in Getty Realty were worth $6,393,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Getty Realty in the third quarter valued at $27,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Getty Realty in the fourth quarter valued at $29,000. Advisors Asset Management Inc. acquired a new position in shares of Getty Realty in the first quarter valued at $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of Getty Realty by 3,996.6% in the second 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Getty Realty by 36.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 418 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on GTY. KeyCorp upped their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Robert W. Baird upped their price objective on shares of Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $35.00 price objective on shares of Getty Realty in a report on Friday, April 24th. Finally, UBS Group upped their price objective on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.60.

Getty Realty Price Performance

NYSE:GTY opened at $33.41 on Wednesday. The firm’s fifty day moving average price is $33.07 and its two-hundred day moving average price is $30.87. The company has a market cap of $2.02 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.77 and a beta of 0.75. Getty Realty Corporation has a one year low of $25.39 and a one year high of $34.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.24 and a quick ratio of 2.24.

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

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, June 25th. Getty Realty’s payout ratio is presently 127.63%.

About Getty Realty

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.