Aigen Investment Management LP Takes $339,000 Position in Getty Realty Corporation $GTY

Key Points

• Aigen Investment Management LP has invested $339,000 in Getty Realty Corporation (NYSE:GTY), acquiring 10,870 shares in the first quarter of the year.
• Recent analyst ratings have been mixed, with UBS Group and Wall Street Zen downgrading the stock, while KeyCorp and Robert W. Baird have adjusted their price targets but maintained a "hold" or "overweight" rating.
• Getty Realty has announced a quarterly dividend of $0.47, indicating an annualized dividend yield of 6.7%, although its payout ratio is notably high at 163.48%.

Aigen Investment Management LP acquired a new position in Getty Realty Corporation (NYSE:GTY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,870 shares of the real estate investment trust's stock, valued at approximately $339,000.

Several other large investors have also modified their holdings of GTY. Vanguard Group Inc. lifted its stake in shares of Getty Realty by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust's stock worth $246,369,000 after acquiring an additional 37,695 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Getty Realty by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock worth $39,095,000 after purchasing an additional 17,618 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Getty Realty by 0.7% during the first quarter. Brown Advisory Inc. now owns 778,816 shares of the real estate investment trust's stock valued at $24,283,000 after purchasing an additional 5,281 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Getty Realty by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock valued at $22,640,000 after purchasing an additional 10,552 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Getty Realty by 21.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust's stock worth $21,824,000 after purchasing an additional 125,491 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Down 0.3%

Shares of NYSE GTY traded down $0.09 during midday trading on Monday, reaching $28.10. 77,568 shares of the company's stock traded hands, compared to its average volume of 372,811. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 2.12 and a beta of 0.83. The stock's 50 day simple moving average is $28.07 and its 200-day simple moving average is $29.06. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a one year low of $26.42 and a one year high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $51.31 million for the quarter, compared to the consensus estimate of $51.59 million. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. On average, analysts predict that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.7%. Getty Realty's payout ratio is presently 163.48%.

Analysts Set New Price Targets

GTY has been the subject of several research reports. KeyCorp lowered their price objective 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. Wall Street Zen lowered Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. UBS Group raised their price objective on Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Robert W. Baird decreased their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $32.67.

Getty Realty Company Profile