Getty Realty Corp. (NYSE:GTY) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Getty Realty Corp. (NYSE:GTY - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 751,412 shares of the real estate investment trust's stock after buying an additional 10,552 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.37% of Getty Realty worth $22,640,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Getty Realty by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock valued at $39,095,000 after acquiring an additional 17,618 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Getty Realty by 33.9% in the 4th quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust's stock valued at $8,361,000 after purchasing an additional 70,327 shares in the last quarter. Barclays PLC boosted its stake in Getty Realty by 409.6% during the 3rd 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 during the last quarter. abrdn plc grew its holdings in shares of Getty Realty by 30.6% during the fourth quarter. abrdn plc now owns 12,692 shares of the real estate investment trust's stock worth $380,000 after buying an additional 2,975 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Getty Realty by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust's stock valued at $236,937,000 after buying an additional 48,491 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Trading Up 1.1 %

Shares of Getty Realty stock traded up $0.30 during trading hours on Friday, hitting $28.60. The company's stock had a trading volume of 275,707 shares, compared to its average volume of 323,187. The firm has a fifty day moving average of $29.35 and a 200-day moving average of $30.59. 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 stock has a market cap of $1.59 billion, a price-to-earnings ratio of 22.70 and a beta of 0.83. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85.

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

Getty Realty Announces Dividend

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

Analysts Set New Price Targets

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

About Getty Realty