Getty Realty Corp. (NYSE:GTY) is Susquehanna Portfolio Strategies LLC's 9th Largest Position

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

A number of other hedge funds have also modified their holdings of GTY. ProShare Advisors LLC raised its holdings in shares of Getty Realty by 10.7% during the 4th quarter. ProShare Advisors LLC now owns 254,680 shares of the real estate investment trust's stock worth $7,674,000 after acquiring an additional 24,533 shares during the period. Lazard Asset Management LLC grew its position in Getty Realty by 272.8% in the fourth quarter. Lazard Asset Management LLC now owns 20,745 shares of the real estate investment trust's stock worth $625,000 after acquiring an additional 15,181 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in Getty Realty in the fourth quarter worth approximately $813,000. Deutsche Bank AG increased its stake in Getty Realty by 31.2% during the fourth quarter. Deutsche Bank AG now owns 65,166 shares of the real estate investment trust's stock worth $1,963,000 after acquiring an additional 15,479 shares during the last quarter. Finally, Corton Capital Inc. purchased a new stake in Getty Realty in the fourth quarter valued at $270,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Up 0.1%

Shares of GTY stock traded up $0.04 during trading on Friday, reaching $28.40. The company's stock had a trading volume of 90,973 shares, compared to its average volume of 371,224. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.85. The stock's 50-day moving average price is $28.94 and its 200 day moving average price is $30.38. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 22.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28.

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 EPS for the quarter, hitting the consensus estimate of $0.59. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. The business had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.71 million. On average, research analysts anticipate that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be issued 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 6.62%. Getty Realty's dividend payout ratio (DPR) is 155.37%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GTY. KeyCorp reduced their price objective on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird dropped their target price 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, UBS Group cut their target price on Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

Getty Realty Profile