Seizert Capital Partners LLC purchased a new stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,796 shares of the real estate investment trust's stock, valued at approximately $337,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. GF Fund Management CO. LTD. bought a new position in Getty Realty in the 4th quarter valued at $28,000. Sterling Capital Management LLC boosted its holdings in shares of Getty Realty by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock worth $48,000 after buying an additional 1,413 shares during the last quarter. Quarry LP grew its position in Getty Realty by 468.0% during the fourth quarter. Quarry LP now owns 2,806 shares of the real estate investment trust's stock valued at $85,000 after buying an additional 2,312 shares during the period. Captrust Financial Advisors bought a new position in Getty Realty during the fourth quarter valued at about $209,000. Finally, D.A. Davidson & CO. purchased a new stake in Getty Realty during the first quarter worth about $211,000. 85.11% of the stock is owned by hedge funds and other institutional investors.
Getty Realty Trading Up 0.8%
GTY stock traded up $0.23 during midday trading on Friday, hitting $28.02. The company had a trading volume of 359,150 shares, compared to its average volume of 427,989. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a 52 week low of $26.42 and a 52 week high of $33.85. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.11 and a beta of 0.83. The stock's 50 day moving average price is $28.20 and its 200 day moving average price is $29.25.
Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The business had revenue of $51.31 million for the quarter, compared to analysts' expectations of $51.59 million. As a group, equities research analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.
Getty Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Thursday, September 25th. Getty Realty's payout ratio is 163.48%.
Wall Street Analyst Weigh In
GTY has been the topic of a number of research analyst reports. 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 research note on Thursday, April 24th. Wall Street Zen cut shares of Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. KeyCorp reduced their price objective on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, UBS Group decreased their target price on Getty Realty from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Getty Realty currently has an average rating of "Hold" and a consensus target price of $32.33.
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