Louisiana State Employees Retirement System Takes $776,000 Position in Getty Realty Corporation $GTY

Louisiana State Employees Retirement System acquired a new stake in shares of Getty Realty Corporation (NYSE:GTY) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 24,400 shares of the real estate investment trust’s stock, valued at approximately $776,000.

Other institutional investors have also bought and sold shares of the company. LSV Asset Management boosted its holdings in shares of 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 valued at $6,393,000 after acquiring an additional 218,663 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Getty Realty by 1.2% during the fourth 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. Pensionfund Sabic acquired a new stake in Getty Realty during the fourth quarter valued at $671,000. Legal & General Group Plc increased its position in Getty Realty by 17.6% in the 4th quarter. Legal & General Group Plc now owns 368,845 shares of the real estate investment trust’s stock worth $10,095,000 after purchasing an additional 55,149 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Getty Realty by 7.0% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 505,431 shares of the real estate investment trust’s stock worth $13,561,000 after purchasing an additional 32,924 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

GTY has been the subject of several analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $35.00 target price on shares of Getty Realty in a report on Friday, April 24th. Citigroup reaffirmed a “market outperform” rating on shares of Getty Realty in a report on Friday, June 12th. Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Robert W. Baird increased their price objective on Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, UBS Group lifted their price objective on Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.60.

Getty Realty Stock Performance

NYSE GTY traded up $0.42 on Tuesday, hitting $34.42. 6,992 shares of the stock were exchanged, compared to its average volume of 508,405. The company has a market capitalization of $2.08 billion, a PE ratio of 22.68, a P/E/G ratio of 2.83 and a beta of 0.72. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.24 and a quick ratio of 2.24. The business’s fifty day moving average is $33.15 and its 200 day moving average is $31.90. Getty Realty Corporation has a 52 week low of $25.39 and a 52 week high of $34.75.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 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 the consensus estimate of $58.41 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Research analysts anticipate that Getty Realty Corporation will post 2.42 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Thursday, June 25th. Getty Realty’s payout ratio is 127.63%.

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.