Susquehanna Portfolio Strategies LLC Has $506,000 Holdings in Getty Realty Corp. (NYSE:GTY)

Susquehanna Portfolio Strategies LLC trimmed its stake in Getty Realty Corp. (NYSE:GTY - Free Report) by 38.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,804 shares of the real estate investment trust's stock after selling 10,458 shares during the period. Getty Realty accounts for approximately 1.7% of Susquehanna Portfolio Strategies LLC's holdings, making the stock its 9th largest position. Susquehanna Portfolio Strategies LLC's holdings in Getty Realty were worth $506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of Getty Realty by 1.4% during the 4th 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 last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Getty Realty by 33.9% during the 4th quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust's stock valued at $8,361,000 after purchasing an additional 70,327 shares during the last quarter. Barclays PLC boosted its holdings in shares of Getty Realty by 409.6% during the 3rd quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock valued at $3,281,000 after purchasing an additional 82,887 shares during the last quarter. abrdn plc boosted its holdings in shares of Getty Realty by 30.6% during the 4th quarter. abrdn plc now owns 12,692 shares of the real estate investment trust's stock valued at $380,000 after purchasing an additional 2,975 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Getty Realty by 0.6% during 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 purchasing an additional 48,491 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Trading Down 0.7%

Shares of NYSE:GTY traded down $0.19 during trading on Tuesday, reaching $28.98. The company's stock had a trading volume of 471,585 shares, compared to its average volume of 328,001. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85. The firm's 50 day simple moving average is $29.03 and its two-hundred day simple moving average is $30.41. The stock has a market capitalization of $1.61 billion, a PE ratio of 23.00 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $52.71 million. On average, research analysts predict that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.49%. The ex-dividend date is Thursday, June 26th. Getty Realty's payout ratio is currently 155.37%.

Analysts Set New Price Targets

Several research firms have commented on GTY. UBS Group dropped their price objective on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Robert W. Baird lowered their price target on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, KeyCorp lowered their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Three investment 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 company currently has a consensus rating of "Moderate Buy" and an average price target of $32.50.

About Getty Realty