GSA Capital Partners LLP Has $1.81 Million Position in Getty Realty Corporation (NYSE:GTY)

Key Points

• GSA Capital Partners LLP increased its holdings in Getty Realty Corporation by 94.1% in the first quarter, owning 58,081 shares valued at approximately $1.81 million at the end of that period.
• Getty Realty has recently experienced a drop in price targets from various analysts, with recommendations ranging from a sell rating to a neutral rating and an average price target of $32.33.
• The company declared a quarterly dividend of $0.47 per share, translating to an annualized dividend yield of 6.82%, despite a payout ratio exceeding 163%.

GSA Capital Partners LLP lifted its stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 94.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,081 shares of the real estate investment trust's stock after acquiring an additional 28,159 shares during the period. GSA Capital Partners LLP owned approximately 0.10% of Getty Realty worth $1,811,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GTY. GF Fund Management CO. LTD. acquired a new stake in shares of Getty Realty in the fourth quarter valued at approximately $28,000. Loomis Sayles & Co. L P acquired a new stake in shares of Getty Realty in the fourth quarter valued at approximately $45,000. Sterling Capital Management LLC raised its holdings in shares of 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 valued at $48,000 after purchasing an additional 1,413 shares during the last quarter. Quarry LP raised its holdings in shares of Getty Realty by 468.0% in the fourth quarter. Quarry LP now owns 2,806 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Getty Realty in the fourth quarter valued at approximately $209,000. Institutional investors own 85.11% of the company's stock.

Getty Realty Stock Performance

Shares of GTY traded up $0.21 during mid-day trading on Friday, reaching $28.00. The company's stock had a trading volume of 206,817 shares, compared to its average volume of 376,440. 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 $1.58 billion, a P/E ratio of 24.36, a PEG ratio of 2.10 and a beta of 0.82. The business has a 50-day simple moving average of $28.21 and a two-hundred day simple moving average of $29.27. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (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 6.87%. The business had revenue of $51.31 million during the quarter, compared to analyst estimates of $51.59 million. As a group, equities research analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be issued 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 6.7%. Getty Realty's dividend payout ratio (DPR) is currently 163.48%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GTY. Wall Street Zen downgraded shares of Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. KeyCorp dropped their price objective on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. UBS Group dropped their price objective on Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Finally, Robert W. Baird dropped their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Getty Realty has an average rating of "Hold" and an average target price of $32.33.

Getty Realty Profile