GAMMA Investing LLC Raises Stock Holdings in Getty Realty Corporation (NYSE:GTY)

GAMMA Investing LLC grew its holdings in Getty Realty Corporation (NYSE:GTY - Free Report) by 3,339.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,104 shares of the real estate investment trust's stock after acquiring an additional 49,618 shares during the quarter. GAMMA Investing LLC owned 0.09% of Getty Realty worth $1,639,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new stake in Getty Realty in the fourth quarter worth about $28,000. Smartleaf Asset Management LLC boosted its holdings in Getty Realty by 715.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 1,216 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Getty Realty in the fourth quarter worth about $45,000. Sterling Capital Management LLC boosted its holdings in Getty Realty by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,413 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Getty Realty by 246.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 1,799 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GTY. Robert W. Baird decreased their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. UBS Group decreased 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 target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Three 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, Getty Realty presently has a consensus rating of "Moderate Buy" and an average price target of $32.50.

Getty Realty Stock Performance

Shares of Getty Realty stock traded up $0.06 on Wednesday, reaching $28.87. 311,596 shares of the stock were exchanged, compared to its average volume of 332,459. Getty Realty Corporation has a twelve month low of $25.70 and a twelve month high of $33.85. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.74 and a beta of 0.84. The business has a 50 day moving average price of $28.60 and a two-hundred day moving average price of $29.95. 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 (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. The business had revenue of $52.33 million for the quarter, compared to analysts' expectations of $52.71 million. Getty Realty had a net margin of 33.44% and a return on equity of 7.21%. Analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.51%. Getty Realty's dividend payout ratio is presently 155.37%.

About Getty Realty