Two Sigma Investments LP Grows Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Two Sigma Investments LP lifted its holdings in Getty Realty Corp. (NYSE:GTY - Free Report) by 10.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 264,288 shares of the real estate investment trust's stock after purchasing an additional 24,756 shares during the period. Two Sigma Investments LP owned about 0.48% of Getty Realty worth $7,963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BROOKFIELD Corp ON purchased a new stake in Getty Realty in the 4th quarter worth $14,988,000. Marshall Wace LLP lifted its position in shares of Getty Realty by 78.8% in the fourth quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust's stock worth $15,435,000 after buying an additional 225,752 shares in the last quarter. Norges Bank bought a new position in Getty Realty during the fourth quarter valued at approximately $5,217,000. Northern Trust Corp grew its holdings in Getty Realty by 23.5% during the 4th quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust's stock valued at $21,774,000 after buying an additional 137,427 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Getty Realty by 21.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust's stock valued at $21,824,000 after buying an additional 125,491 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Up 0.5%

NYSE:GTY traded up $0.15 during midday trading on Friday, reaching $29.30. 31,569 shares of the stock traded hands, compared to its average volume of 328,362. The stock has a market capitalization of $1.62 billion, a PE ratio of 23.27 and a beta of 0.83. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85. 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 business has a 50-day moving average of $28.77 and a two-hundred day moving average of $30.28.

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

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be paid 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 dividend yield of 6.42%. Getty Realty's payout ratio is currently 155.37%.

Wall Street Analyst Weigh In

Several equities analysts have commented on GTY shares. UBS Group lowered their price objective on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. KeyCorp dropped their price target on 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, Robert W. Baird decreased their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.

Getty Realty Company Profile