GSA Capital Partners LLP bought a new position in Getty Realty Corporation (NYSE:GTY – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 45,430 shares of the real estate investment trust’s stock, valued at approximately $1,516,000.
A number of other institutional investors have also recently made changes to their positions in GTY. Farther Finance Advisors LLC raised its holdings in Getty Realty by 26.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 360 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Getty Realty by 3.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Getty Realty by 36.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 418 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Getty Realty by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 25,441 shares of the real estate investment trust’s stock valued at $703,000 after buying an additional 548 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Getty Realty by 48.0% in the 4th quarter. Fifth Third Bancorp now owns 1,902 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 617 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.
Getty Realty Price Performance
NYSE GTY opened at $33.25 on Monday. The company has a 50-day moving average price of $33.96 and a 200-day moving average price of $33.09. Getty Realty Corporation has a 52 week low of $25.39 and a 52 week high of $36.83. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $2.06 billion, a P/E ratio of 20.28, a PEG ratio of 2.93 and a beta of 0.72.
Getty Realty Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. Getty Realty’s payout ratio is presently 118.29%.
Analyst Ratings Changes
Several equities analysts have issued reports on GTY shares. Royal Bank Of Canada upped their target price on shares of Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. KeyCorp boosted their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Huntington initiated coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price objective on the stock. Citizens Jmp raised their target price on shares of Getty Realty from $35.00 to $39.00 and gave the stock a “market outperform” rating in a report on Thursday, July 23rd. Finally, Robert W. Baird boosted their target price on shares of Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.29.
View Our Latest Research Report on GTY
About Getty Realty
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.
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