98,341 Shares in Getty Realty Corporation (NYSE:GTY) Acquired by Castellan Group

Castellan Group acquired a new stake in Getty Realty Corporation (NYSE:GTY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 98,341 shares of the real estate investment trust's stock, valued at approximately $3,066,000. Castellan Group owned 0.18% of Getty Realty as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GTY. US Bancorp DE raised its position in shares of Getty Realty by 52.4% in the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 376 shares during the last quarter. Natixis Advisors LLC grew its holdings in Getty Realty by 4.2% in the first quarter. Natixis Advisors LLC now owns 577,696 shares of the real estate investment trust's stock valued at $18,013,000 after purchasing an additional 23,449 shares during the period. Seizert Capital Partners LLC purchased a new stake in Getty Realty in the first quarter valued at approximately $337,000. Vestcor Inc purchased a new stake in Getty Realty in the first quarter valued at approximately $1,573,000. Finally, XTX Topco Ltd purchased a new stake in Getty Realty in the first quarter valued at approximately $420,000. Institutional investors and hedge funds own 85.11% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GTY. Robert W. Baird lowered their target price on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Wall Street Zen lowered shares of Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. KeyCorp dropped 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. Finally, UBS Group dropped their price objective 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $32.33.

Getty Realty Stock Up 0.8%

NYSE GTY traded up $0.23 during trading hours on Friday, reaching $28.02. 359,150 shares of the company traded hands, compared to its average volume of 427,989. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $1.59 billion, a PE ratio of 24.36, a PEG ratio of 2.09 and a beta of 0.83. The company has a 50 day moving average of $28.20 and a two-hundred day moving average of $29.26.

Getty Realty (NYSE:GTY - Get Free Report) last posted 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 return on equity of 6.87% and a net margin of 31.62%. The business had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. As a group, equities analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.47 per share. 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%.

Getty Realty Company Profile