Quantbot Technologies LP purchased a new position in shares of Getty Realty Corporation (NYSE:GTY – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 59,500 shares of the real estate investment trust’s stock, valued at approximately $1,985,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GTY. Advisors Asset Management Inc. purchased a new position in shares of Getty Realty during the first quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its position in shares of Getty Realty by 3,996.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,159 shares during the period. Avalon Trust Co acquired a new stake in shares of Getty Realty in the 1st quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Getty Realty by 36.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 418 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Getty Realty during the 2nd quarter worth approximately $43,000. 85.11% of the stock is owned by hedge funds and other institutional investors.
Getty Realty Stock Performance
Shares of GTY stock opened at $33.42 on Tuesday. The stock’s 50-day moving average price is $33.95 and its 200 day moving average price is $33.24. 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 stock has a market capitalization of $2.07 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.92 and a beta of 0.72. Getty Realty Corporation has a 52-week low of $25.39 and a 52-week high of $36.83.
Getty Realty Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 annualized dividend and a dividend yield of 5.8%. Getty Realty’s dividend payout ratio (DPR) is currently 118.29%.
Analysts Set New Price Targets
Several research firms have commented on GTY. Citizens Jmp lifted their price target on Getty Realty from $35.00 to $39.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 23rd. 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 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Getty Realty in a report on Friday, August 7th. KeyCorp upped their price target on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Robert W. Baird increased their price target on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.29.
Check Out Our Latest Stock Report on Getty Realty
Getty Realty Company Profile
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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