CoreCap Advisors LLC Invests in Getty Realty Corp. in Fourth Quarter
June 19, 2023
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Getty Realty ($NYSE:GTY) Corp is a publicly-traded Real Estate Investment Trust (REIT) that specializes in the ownership, leasing, and financing of convenience stores, petroleum marketing facilities, and car washes across the United States. CoreCap Advisors LLC, an investment firm specializing in growth stocks, disclosed in a filing with the SEC that it had taken up a new stake in Getty Realty Corp shares in the fourth quarter. The size of the stake was not disclosed in the filing. This news sent the company’s stock price up by 3% on the day it was announced.
It is unclear at this stage what CoreCap’s intentions are regarding its stake in Getty Realty Corp. It is possible that the firm is taking a long-term approach and looking to add the company to its portfolio as a value play. Alternatively, CoreCap may be looking to flip its position for a quick gain. Whatever the case may be, only time will tell what CoreCap’s strategy is.
Market Price
On Tuesday, CoreCap Advisors LLC reported that it had invested in Getty Realty Corp. in the fourth quarter, indicating a positive sentiment in the company. The stock opened at $33.8 and closed at the same price, indicating a modest increase of 0.5% from its prior closing price of $33.6. This was a positive sign for Getty Realty Corp., as it indicated that investors had faith in the company’s ability to generate returns. While the stock did not surge, the small jump was still encouraging news for investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Getty Realty. More…
| Total Revenues | Net Income | Net Margin |
| 169.29 | 85.83 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Getty Realty. More…
| Operations | Investing | Financing |
| 93.09 | -139.06 | 30.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Getty Realty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.62k | 778.92 | 17.88 |
Key Ratios Snapshot
Some of the financial key ratios for Getty Realty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 62.4% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted a fundamental analysis of GETTY REALTY and the results of the analysis are presented here. We have given GETTY REALTY a high health score of 8/10. This score considers cashflows and debt and indicates that GETTY REALTY is well positioned to weather any future crises without the risk of bankruptcy. The Star Chart gave GETTY REALTY a strong score in asset, dividend, and profitability and a medium score in growth. This classification designates GETTY REALTY as a ‘cow’, meaning that it has a track record of paying out consistent and sustainable dividends. Investors who are looking for a safe, consistent dividend-paying stock may be interested in GETTY REALTY. The company’s strong fundamentals and high health score make it an attractive option for those seeking a low-risk investment. More…
Peers
The company’s portfolio consists of 973 properties, totaling approximately 134 million square feet of leasable space. Getty Realty‘s competitors include Primaris REIT, CT Real Estate Investment Trust, and Choice Properties Real Estate Investment Trust.
– Primaris REIT ($TSX:PMZ.UN)
Primaris REIT is a Canadian real estate investment trust that owns and operates a portfolio of office, retail, and industrial properties across Canada. As of 2022, the company has a market capitalization of 1.39 billion Canadian dollars. The company’s properties are located in major urban markets in Canada, including Toronto, Montreal, Vancouver, and Calgary. Primaris REIT’s strategy is focused on creating long-term value for its shareholders through the ownership and operation of high-quality properties and by providing superior service to its tenants.
– CT Real Estate Investment Trust ($TSX:CRT.UN)
H&R REIT is a real estate investment trust that owns, operates, and develops a portfolio of properties in the United States and Canada. The company’s portfolio includes office, retail, residential, industrial, and hotel properties. As of December 31, 2020, H&R REIT’s portfolio consisted of 97 properties with a total value of $13.6 billion.
– Choice Properties Real Estate Investment Trust ($TSX:CHP.UN)
Choice Properties Real Estate Investment Trust is a real estate investment trust that owns, operates, and develops a portfolio of retail and commercial properties in Canada. As of December 31, 2020, the company’s portfolio comprised 1,168 properties, including 993 retail properties, 168 office properties, and seven industrial properties.
Summary
Getty Realty Corp. is a real estate investment trust (REIT) specializing in the ownership, leasing, and financing of convenience store and petroleum properties in the United States. Further analysis of Getty Realty has revealed a well-established portfolio of convenience stores and gas stations, featuring strong cash flows and strong brand recognition. Additionally, recent developments in the company’s financials point to a strong dividend yield and a strong commitment to managing its debt levels. Given these factors, investors may find Getty Realty to be a good long-term investment opportunity.
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