13,462 Shares in Getty Realty Corporation (NYSE:GTY) Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 13,462 shares of Getty Realty Corporation for approximately $420,000 in the first quarter, marking a significant investment in the real estate investment trust.
• Getty Realty recently announced a quarterly dividend of $0.47, which will be paid on October 9th, representing an annualized dividend yield of 6.6%.
• The company reported earnings per share of $0.59 for the last quarter, slightly missing analysts' expectations of $0.60.

XTX Topco Ltd purchased a new position in Getty Realty Corporation (NYSE:GTY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,462 shares of the real estate investment trust's stock, valued at approximately $420,000.

A number of other large investors also recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in Getty Realty by 0.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust's stock worth $2,173,000 after purchasing an additional 519 shares during the period. American Century Companies Inc. raised its holdings in Getty Realty by 3.4% in the 4th quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust's stock worth $489,000 after purchasing an additional 533 shares during the period. Cetera Investment Advisers raised its holdings in Getty Realty by 4.7% in the 4th quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock worth $375,000 after purchasing an additional 561 shares during the period. Guggenheim Capital LLC raised its position in shares of Getty Realty by 8.2% during the 4th quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock worth $248,000 after purchasing an additional 622 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Getty Realty by 5.3% during the 4th quarter. Franklin Resources Inc. now owns 17,851 shares of the real estate investment trust's stock worth $538,000 after purchasing an additional 905 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GTY shares. Robert W. Baird reduced their price target on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. KeyCorp reduced their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. UBS Group reduced their price target on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.33.

Getty Realty Trading Up 0.3%

Shares of GTY traded up $0.08 during midday trading on Tuesday, hitting $28.17. 175,303 shares of the stock were exchanged, compared to its average volume of 374,407. Getty Realty Corporation has a 52-week low of $26.42 and a 52-week high of $33.85. The stock has a fifty day simple moving average of $28.12 and a 200 day simple moving average of $29.14. The firm has a market cap of $1.59 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $51.59 million. On average, research analysts anticipate that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be paid a $0.47 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a yield of 6.7%. Getty Realty's dividend payout ratio (DPR) is currently 163.48%.

About Getty Realty