497,443 Shares in Getty Realty Corp. (NYSE:GTY) Purchased by BROOKFIELD Corp ON

BROOKFIELD Corp ON purchased a new stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 497,443 shares of the real estate investment trust's stock, valued at approximately $14,988,000. BROOKFIELD Corp ON owned about 0.90% of Getty Realty as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its position in shares of Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock worth $3,281,000 after purchasing an additional 82,887 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Getty Realty during the third quarter valued at about $140,000. JPMorgan Chase & Co. raised its position in shares of Getty Realty by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 207,173 shares of the real estate investment trust's stock valued at $6,590,000 after purchasing an additional 4,243 shares during the last quarter. GAMMA Investing LLC boosted its stake in Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 592 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Getty Realty during the 4th quarter worth approximately $136,000. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Stock Performance

NYSE GTY traded up $0.30 during mid-day trading on Friday, reaching $28.60. 275,707 shares of the stock were exchanged, compared to its average volume of 323,187. The company has a market capitalization of $1.59 billion, a P/E ratio of 22.70 and a beta of 0.83. 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 business's 50 day moving average is $29.40 and its 200-day moving average is $30.62. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85.

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

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a dividend yield of 6.57%. Getty Realty's dividend payout ratio (DPR) is presently 155.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GTY. KeyCorp dropped their price objective on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday. Robert W. Baird dropped their price target on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. UBS Group began coverage on Getty Realty in a report on Friday, March 28th. They set a "neutral" rating and a $32.00 target price for the company. Finally, JMP Securities restated a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $33.00.

Getty Realty Profile