Redditors Love These 5 Under-The-Radar Dividend Stocks

3. Getty Realty Corp. (NYSE:GTY)

Dividend Yield as of September 20: 5.59%

Getty Realty Corp. (NYSE:GTY) is a New York-based real estate investment trust company that is focused on the ownership, leasing, and financing of different automotive properties. The company is famous among Redditors as it has expanded its footprint in the country over the years and has shown strong financials. In addition to this, it has been raising its dividends consistently for the past 9 years. The company currently pays a quarterly dividend of $0.41 per share, with a dividend yield of 5.59%, as recorded on September 20.

In Q2 2022, Getty Realty Corp. (NYSE:GTY) generated $22.5 million in free cash flow, up from $20.8 million in the previous quarter. The company’s revenue for the quarter came in at $40.8 million, up 6.7% from the same period last year. It invested over $50.5 million across 17 properties in the US.

In August, BofA upgraded Getty Realty Corp. (NYSE:GTY) to Neutral with a $33 price target, as the company’s management has shown a higher appetite for external growth which would accelerate earnings growth in the coming years.

At the end of Q2 2022, 8 hedge funds tracked by Insider Monkey owned stakes in Getty Realty Corp. (NYSE:GTY), compared with 11 in the previous quarter. These stakes are collectively valued at over $51 million. Hill Winds Capital owned one of the company’s most prominent stakeholders in Q2.