Getty Realty Corp. (NYSE:GTY) Position removed by GSA Capital Partners LLP
GSA Capital Partners LLP reduced its position in shares of Getty Realty Corp. (NYSE: GTY – Get a rating) by 45.2% during the 1st quarter, according to the company in its last filing with the SEC. The company held 28,345 shares of the real estate investment trust after selling 23,411 shares during the quarter. GSA Capital Partners LLP owned 0.06% of Getty Realty worth $811,000 when it last filed with the SEC.
Several other hedge funds have also recently changed their holdings to GTY. The New York State Common Retirement Fund increased its holdings of Getty Realty shares by 74.0% in the fourth quarter. The New York State Common Retirement Fund now owns 49,822 shares of the real estate investment trust worth $1,599,000 after acquiring 21,194 additional shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of Getty Realty by 2.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 19,263 shares of the real estate investment trust worth $618,000 after purchasing an additional 452 shares during the period. Envestnet Asset Management Inc. increased its position in Getty Realty shares by 2.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 106,350 shares of the real estate investment trust worth $3,413,000 after purchasing an additional 2,338 shares during the period. abrdn plc increased its position in shares of Getty Realty by 5.9% in the fourth quarter. abrdn plc now owns 8,564 shares of the real estate investment trust worth $275,000 after purchasing an additional 475 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in shares of Getty Realty in the fourth quarter at a value of $326,000. 71.77% of the shares are currently held by institutional investors and hedge funds.
Getty Realty shares down 0.4%
NYSE: GTY opened at $29.82 on Monday. The stock’s fifty-day moving average price is $27.61 and its two-hundred-day moving average price is $27.71. The company has a market capitalization of $1.39 billion, a price/earnings ratio of 17.44, a P/E/G ratio of 2.54 and a beta of 0.84. Getty Realty Corp. has a 52-week low of $24.66 and a 52-week high of $33.35. The company has a debt ratio of 0.82, a quick ratio of 2.16 and a current ratio of 2.16.
Getty Real Estate (NYSE: GTY – Get a rating) last released its quarterly earnings data on Wednesday, July 27. The real estate investment trust reported EPS of $0.64 for the quarter, beating consensus analyst estimates of $0.26 from $0.38. Getty Realty had a net margin of 50.94% and a return on equity of 11.05%. During the same period a year earlier, the company posted earnings per share of $0.49. On average, analysts expect Getty Realty Corp. will post an EPS of 2.07 for the current year.
Getty Realty announces dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 6. Shareholders of record on Thursday, September 22 will receive a dividend of $0.41 per share. This represents a dividend of $1.64 on an annualized basis and a yield of 5.50%. The ex-date of this dividend is Wednesday, September 21. Getty Realty’s dividend payout ratio (DPR) is currently 95.91%.
A Wall Street analyst gives his opinion
GTY has been the subject of several analyst reports. JMP Securities launched coverage on Getty Realty in a research report on Tuesday, May 10. They issued an “outperform” rating and a price target of $32.00 for the company. Royal Bank of Canada raised its price target on Getty Realty from $27.00 to $30.00 and gave the stock an “sector performance” rating in a Tuesday, Aug. 2 research note. To finish, StockNews.com upgraded Getty Realty from a “hold” rating to a “buy” rating in a Thursday, July 28 research note. One analyst has assigned the stock a sell rating, one has issued a hold rating and three have assigned the company a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.75.
About Getty Realty
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