Deutsche Bank AG Buys 15,479 Shares of Getty Realty Corp. (NYSE:GTY)

Deutsche Bank AG boosted its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 31.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,166 shares of the real estate investment trust's stock after acquiring an additional 15,479 shares during the period. Deutsche Bank AG owned approximately 0.12% of Getty Realty worth $1,963,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GTY. Geode Capital Management LLC increased its position in shares of Getty Realty by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock valued at $39,095,000 after purchasing an additional 17,618 shares during the period. JPMorgan Chase & Co. boosted its stake in Getty Realty by 33.9% during the fourth quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust's stock worth $8,361,000 after buying an additional 70,327 shares in the last quarter. Barclays PLC increased its holdings in Getty Realty by 409.6% in the 3rd quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock valued at $3,281,000 after buying an additional 82,887 shares during the period. abrdn plc raised its stake in shares of Getty Realty by 30.6% in the 4th quarter. abrdn plc now owns 12,692 shares of the real estate investment trust's stock valued at $380,000 after buying an additional 2,975 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Getty Realty by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust's stock valued at $236,937,000 after buying an additional 48,491 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Price Performance

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

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, hitting analysts' consensus estimates of $0.59. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. The firm had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. As a group, analysts forecast that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.44%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's dividend payout ratio (DPR) is presently 155.37%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird lowered 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 note on Thursday, April 24th. UBS Group dropped their target price 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 decreased their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.50.

Getty Realty Company Profile