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

Segall Bryant & Hamill LLC reduced its position in Getty Realty Corporation (NYSE:GTY) by 27.5% in the 1st quarter, Holdings Channel reports. 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’s holdings in Getty Realty were worth $1,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi lifted its stake in shares of Getty Realty by 12.7% during the first quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock valued at $930,000 after acquiring an additional 3,463 shares during the period. Advisors Asset Management Inc. acquired a new stake in Getty Realty in the first quarter worth about $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Getty Realty by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock worth $9,564,000 after purchasing an additional 23,370 shares during the last quarter. Jane Street Group LLC raised its holdings in Getty Realty by 105.8% during the 1st quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock worth $3,533,000 after purchasing an additional 58,255 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Getty Realty by 13.3% during the 2nd quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 1,961 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on GTY. Citizens Jmp raised their target price on shares of Getty Realty from $35.00 to $39.00 and gave the company a “market outperform” rating in a research note on Thursday, July 23rd. Robert W. Baird boosted their price target on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada increased their price objective on shares of Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Citigroup reaffirmed an “outperform” rating on shares of Getty Realty in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.29.

Getty Realty Stock Down 1.2%

Getty Realty stock opened at $33.53 on Wednesday. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 3.03 and a beta of 0.72. The company’s 50 day simple moving average is $33.89 and its 200 day simple moving average is $32.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $36.83.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $59.05 million during the quarter, compared to the consensus estimate of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The firm’s 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. As a group, sell-side analysts anticipate that Getty Realty Corporation will post 2.42 EPS for the current year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 annualized dividend and a dividend yield of 5.8%. Getty Realty’s payout ratio is 118.29%.

Getty Realty 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.