Peregrine Capital Management LLC acquired a new stake in Getty Realty Corp. (NYSE:GTY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 158,610 shares of the real estate investment trust’s stock, valued at approximately $4,708,000.
A number of other large investors have also recently bought and sold shares of GTY. Denali Advisors LLC purchased a new position in Getty Realty in the 1st quarter valued at about $97,000. Meeder Asset Management Inc. acquired a new stake in shares of Getty Realty in the 1st quarter valued at about $106,000. US Bancorp DE raised its stake in shares of Getty Realty by 102.5% in the 1st quarter. US Bancorp DE now owns 6,693 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 3,388 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Getty Realty by 17.2% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,881 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Caxton Associates LP acquired a new stake in shares of Getty Realty in the 1st quarter valued at about $222,000. 65.54% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on GTY shares. JMP Securities started coverage on shares of Getty Realty in a research note on Monday, June 8th. They issued an “outperform” rating and a $37.00 target price on the stock. Zacks Investment Research lowered shares of Getty Realty from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, TheStreet upgraded shares of Getty Realty from a “c+” rating to a “b” rating in a research note on Thursday, June 18th.
GTY opened at $29.63 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. Getty Realty Corp. has a fifty-two week low of $16.36 and a fifty-two week high of $33.75. The company’s 50-day moving average price is $29.82 and its 200 day moving average price is $28.00. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.88.
Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). The business had revenue of $36.34 million for the quarter, compared to analyst estimates of $34.23 million. Getty Realty had a return on equity of 8.37% and a net margin of 34.05%. Research analysts anticipate that Getty Realty Corp. will post 1.82 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.48 annualized dividend and a yield of 4.99%. Getty Realty’s dividend payout ratio (DPR) is 86.05%.
About Getty Realty
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