26,998 Shares in Getty Realty Corp. (NYSE:GTY) Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. purchased a new stake in Getty Realty Corp. (NYSE:GTY - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 26,998 shares of the real estate investment trust's stock, valued at approximately $813,000.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its position in shares of Getty Realty by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust's stock worth $1,904,000 after buying an additional 391 shares during the period. Louisiana State Employees Retirement System lifted its position in Getty Realty by 1.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust's stock worth $738,000 after acquiring an additional 400 shares in the last quarter. American Century Companies Inc. boosted its holdings in Getty Realty by 3.4% in the 4th quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust's stock worth $489,000 after acquiring an additional 533 shares during the period. Cetera Investment Advisers boosted its holdings in Getty Realty by 4.7% in the 4th quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock worth $375,000 after acquiring an additional 561 shares during the period. Finally, Guggenheim Capital LLC grew its position in Getty Realty by 8.2% in the fourth quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock valued at $248,000 after acquiring an additional 622 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Up 0.6%

Shares of GTY traded up $0.17 during trading on Thursday, reaching $29.17. The company's stock had a trading volume of 163,504 shares, compared to its average volume of 329,543. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 23.15 and a beta of 0.83. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average of $28.77 and a two-hundred day moving average of $30.28. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85.

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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. The firm had revenue of $52.33 million for the quarter, compared to analysts' expectations of $52.71 million. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. On average, sell-side analysts predict that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, June 26th. This represents a $1.88 annualized dividend and a dividend yield of 6.44%. Getty Realty's payout ratio is 155.37%.

Analyst Upgrades and Downgrades

GTY has been the topic of a number of recent research reports. Robert W. Baird reduced their target price 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. KeyCorp dropped their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Finally, UBS Group cut their price objective on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Getty Realty currently has a consensus rating of "Moderate Buy" and an average target price of $32.50.

Getty Realty Company Profile