53,601 Shares in Getty Realty Corp. (NYSE:GTY) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new position in Getty Realty Corp. (NYSE:GTY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 53,601 shares of the real estate investment trust's stock, valued at approximately $1,615,000. Dark Forest Capital Management LP owned approximately 0.10% of Getty Realty at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Hsbc Holdings PLC boosted its stake in Getty Realty by 17.0% in the 4th quarter. Hsbc Holdings PLC now owns 42,080 shares of the real estate investment trust's stock worth $1,267,000 after purchasing an additional 6,113 shares in the last quarter. Uniplan Investment Counsel Inc. bought a new position in shares of Getty Realty in the fourth quarter worth approximately $1,418,000. Stifel Financial Corp lifted its stake in shares of Getty Realty by 19.1% in the fourth quarter. Stifel Financial Corp now owns 236,702 shares of the real estate investment trust's stock worth $7,132,000 after buying an additional 37,941 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Getty Realty by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 31,702 shares of the real estate investment trust's stock valued at $955,000 after buying an additional 1,804 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Getty Realty by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock worth $22,640,000 after acquiring an additional 10,552 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

GTY stock traded down $0.03 during midday trading on Monday, reaching $27.35. 55,753 shares of the company's stock traded hands, compared to its average volume of 376,770. The stock's 50-day moving average is $29.91 and its 200 day moving average is $30.82. The stock has a market cap of $1.51 billion, a P/E ratio of 21.71 and a beta of 0.85. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, hitting analysts' consensus estimates of $0.59. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. The company had revenue of $52.33 million for the quarter, compared to analysts' expectations of $52.71 million. As a group, analysts anticipate that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.87%. The ex-dividend date is Thursday, June 26th. Getty Realty's dividend payout ratio is 155.37%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GTY. JMP Securities reiterated a "market outperform" rating and set a $34.00 target price on shares of Getty Realty in a research note on Friday, January 10th. UBS Group assumed coverage on Getty Realty in a report on Friday, March 28th. They issued a "neutral" rating and a $32.00 price objective for the company. Finally, Robert W. Baird dropped their target price on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $33.33.

Getty Realty Company Profile