Allianz Asset Management GmbH boosted its holdings in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 75.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,847 shares of the real estate investment trust's stock after purchasing an additional 15,847 shares during the period. Allianz Asset Management GmbH owned about 0.07% of Getty Realty worth $1,149,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of GTY. GF Fund Management CO. LTD. bought a new position in Getty Realty in the 4th quarter valued at approximately $28,000. Sterling Capital Management LLC lifted its position in 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 valued at $48,000 after acquiring an additional 1,413 shares in the last quarter. Quarry LP lifted its position in Getty Realty by 468.0% in the 4th quarter. Quarry LP now owns 2,806 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 2,312 shares in the last quarter. D.A. Davidson & CO. bought a new position in Getty Realty in the 1st quarter valued at approximately $211,000. Finally, Captrust Financial Advisors bought a new position in Getty Realty in the 4th quarter valued at approximately $209,000. Hedge funds and other institutional investors own 85.11% of the company's stock.
Getty Realty Price Performance
GTY stock traded up $0.23 during trading on Friday, reaching $28.02. The company's stock had a trading volume of 359,150 shares, compared to its average volume of 427,989. Getty Realty Corporation has a 1 year low of $26.42 and a 1 year high of $33.85. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.59 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 2.09 and a beta of 0.83. The company's fifty day moving average is $28.20 and its 200-day moving average is $29.26.
Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The firm had revenue of $51.31 million for the quarter, compared to analysts' expectations of $51.59 million. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. On average, research analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.
Getty Realty Announces Dividend
The company also recently disclosed 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 of this dividend is Thursday, September 25th. This represents a $1.88 annualized dividend and a yield of 6.7%. Getty Realty's dividend payout ratio (DPR) is presently 163.48%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on GTY shares. UBS Group lowered their price target on Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. KeyCorp lowered their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Robert W. Baird decreased their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $32.33.
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