Ghisallo Capital Management LLC Has $3.01 Million Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Ghisallo Capital Management LLC decreased its position in Getty Realty Corp. (NYSE:GTY) by 60.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the real estate investment trust’s stock after selling 150,000 shares during the period. Ghisallo Capital Management LLC owned about 0.18% of Getty Realty worth $3,013,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Getty Realty by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust’s stock valued at $39,095,000 after purchasing an additional 17,618 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Getty Realty by 33.9% in the 4th quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust’s stock valued at $8,361,000 after buying an additional 70,327 shares in the last quarter. Barclays PLC lifted its holdings in shares of Getty Realty by 409.6% during the 3rd quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust’s stock worth $3,281,000 after acquiring an additional 82,887 shares during the period. abrdn plc boosted its position in shares of Getty Realty by 30.6% during the 4th quarter. abrdn plc now owns 12,692 shares of the real estate investment trust’s stock valued at $380,000 after acquiring an additional 2,975 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Getty Realty by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust’s stock valued at $236,937,000 after acquiring an additional 48,491 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Price Performance

Shares of GTY stock opened at $27.36 on Friday. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85. The stock has a market capitalization of $1.51 billion, a PE ratio of 21.71 and a beta of 0.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The stock’s fifty day moving average is $29.91 and its 200-day moving average is $30.82.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. The business had revenue of $52.33 million for the quarter, compared to analysts’ expectations of $52.71 million. Equities research analysts expect that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty’s dividend payout ratio (DPR) is presently 149.21%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GTY shares. Robert W. Baird cut their price target on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday. JMP Securities restated a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. Finally, UBS Group started coverage on Getty Realty in a research report on Friday, March 28th. They issued a “neutral” rating and a $32.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Getty Realty currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Getty Realty Company Profile