B&I Capital AG Increases Stake in Getty Realty Corporation (NYSE:GTY)

B&I Capital AG boosted its stake in Getty Realty Corporation (NYSE:GTY - Free Report) by 42.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,680 shares of the real estate investment trust's stock after purchasing an additional 57,450 shares during the quarter. Getty Realty makes up 2.0% of B&I Capital AG's investment portfolio, making the stock its 22nd largest position. B&I Capital AG owned about 0.35% of Getty Realty worth $6,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of GTY. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Getty Realty in the 1st quarter valued at about $760,000. Y Intercept Hong Kong Ltd increased its position in shares of Getty Realty by 8.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 18,391 shares of the real estate investment trust's stock valued at $573,000 after purchasing an additional 1,433 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Getty Realty by 75.5% during the 1st quarter. Allianz Asset Management GmbH now owns 36,847 shares of the real estate investment trust's stock valued at $1,149,000 after purchasing an additional 15,847 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Getty Realty by 53.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 36,630 shares of the real estate investment trust's stock valued at $1,142,000 after purchasing an additional 12,794 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in Getty Realty by 68.8% in the 1st quarter. Segall Bryant & Hamill LLC now owns 86,881 shares of the real estate investment trust's stock worth $2,709,000 after purchasing an additional 35,406 shares during the period. 85.11% of the stock is owned by institutional investors.

Getty Realty Stock Performance

Shares of GTY traded up $0.11 during mid-day trading on Friday, hitting $27.62. 96,687 shares of the company traded hands, compared to its average volume of 372,407. Getty Realty Corporation has a 1 year low of $26.42 and a 1 year high of $33.85. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 2.59 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a 50-day moving average price of $28.31 and a two-hundred day moving average price of $29.33.

Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Getty Realty had a net margin of 31.62% and a return on equity of 6.90%. The business had revenue of $51.31 million for the quarter, compared to analysts' expectations of $51.59 million. Equities analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.81%. Getty Realty's dividend payout ratio is 163.48%.

Analysts Set New Price Targets

Several brokerages recently weighed in on GTY. Robert W. Baird dropped 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 cut their price target on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Finally, KeyCorp cut their price target 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.33.

Getty Realty Profile