Connor Clark & Lunn Investment Management Ltd. bought a new position in Getty Realty Corporation (NYSE:GTY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,732 shares of the real estate investment trust's stock, valued at approximately $272,000.
Other institutional investors have also made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new position in shares of Getty Realty in the fourth quarter worth approximately $28,000. US Bancorp DE grew its position in Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 376 shares in the last quarter. Sterling Capital Management LLC grew its position in Getty Realty by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,413 shares in the last quarter. Quarry LP grew its position in Getty Realty by 468.0% during the fourth quarter. Quarry LP now owns 2,806 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 2,312 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Getty Realty by 11.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 409 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.
Getty Realty Price Performance
NYSE GTY opened at $28.71 on Thursday. 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 stock has a market capitalization of $1.62 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83. The company has a 50 day moving average price of $28.00 and a two-hundred day moving average price of $29.03. Getty Realty Corporation has a 12-month low of $26.42 and a 12-month high of $33.85.
Getty Realty (NYSE:GTY - Get Free Report) last posted its 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). The business had revenue of $51.31 million during the quarter, compared to analyst estimates of $51.59 million. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. As a group, equities analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.
Getty Realty Dividend Announcement
The firm 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 $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 6.5%. Getty Realty's payout ratio is 163.48%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on GTY shares. Wall Street Zen downgraded shares of Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. UBS Group boosted their price objective on shares of Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Robert W. Baird lowered their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, KeyCorp lowered their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.67.
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