Allspring Global Investments Holdings LLC Makes New $445,000 Investment in Getty Realty Corporation (NYSE:GTY)

Allspring Global Investments Holdings LLC bought a new position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,384 shares of the real estate investment trust's stock, valued at approximately $445,000.

Other large investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new stake in shares of Getty Realty in the 4th quarter valued at $28,000. Loomis Sayles & Co. L P acquired a new stake in shares of Getty Realty in the 4th quarter valued at $45,000. Sterling Capital Management LLC boosted its holdings in shares of Getty Realty by 821.5% during 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. Jones Financial Companies Lllp boosted its holdings in shares of Getty Realty by 246.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust's stock valued at $76,000 after acquiring an additional 1,799 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Getty Realty by 468.0% during 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. Institutional investors own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

GTY has been the topic of several research analyst reports. Robert W. Baird cut their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. UBS Group cut their price objective on Getty Realty from $32.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, KeyCorp lowered their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $32.50.

Getty Realty Trading Up 0.4%

NYSE GTY traded up $0.12 on Friday, reaching $27.36. The stock had a trading volume of 301,146 shares, compared to its average volume of 340,475. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.59 and a beta of 0.82. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a 12-month low of $26.65 and a 12-month high of $33.85. The stock has a fifty day moving average price of $28.50 and a two-hundred day moving average price of $29.51.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.71 million. Getty Realty had a net margin of 33.44% and a return on equity of 7.21%. As a group, sell-side analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.47 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.88 annualized dividend and a dividend yield of 6.87%. Getty Realty's dividend payout ratio (DPR) is 155.37%.

Getty Realty Profile