Jane Street Group LLC trimmed its holdings in Getty Realty Corp. (NYSE:GTY - Free Report) by 42.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,058 shares of the real estate investment trust's stock after selling 41,365 shares during the period. Jane Street Group LLC owned approximately 0.10% of Getty Realty worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. HighTower Advisors LLC grew its stake in Getty Realty by 0.6% in the 4th quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust's stock valued at $1,904,000 after buying an additional 391 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Getty Realty by 1.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust's stock valued at $738,000 after buying an additional 400 shares in the last quarter. American Century Companies Inc. grew its stake in Getty Realty by 3.4% in the 4th quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust's stock valued at $489,000 after buying an additional 533 shares in the last quarter. Guggenheim Capital LLC grew its stake in Getty Realty by 8.2% in the 4th quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock valued at $248,000 after buying an additional 622 shares in the last quarter. Finally, Bridge City Capital LLC grew its stake in Getty Realty by 0.9% in the 4th quarter. Bridge City Capital LLC now owns 85,047 shares of the real estate investment trust's stock valued at $2,562,000 after buying an additional 756 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. KeyCorp reduced their price target on shares of 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, UBS Group reduced their price target 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $32.50.
Get Our Latest Stock Analysis on GTY
Getty Realty Price Performance
Shares of GTY traded up $0.18 during mid-day trading on Friday, reaching $28.54. 279,797 shares of the stock traded hands, compared to its average volume of 329,221. The firm has a fifty day moving average price of $28.89 and a 200 day moving average price of $30.35. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 22.65 and a beta of 0.83. 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 1 year low of $25.70 and a 1 year high of $33.85.
Getty Realty (NYSE:GTY - Get Free Report) last released 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. The firm had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. As a group, equities research analysts predict that Getty Realty Corp. 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, July 10th. Investors of record on Thursday, June 26th will be given a $0.47 dividend. The ex-dividend date is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.59%. Getty Realty's dividend payout ratio (DPR) is presently 155.37%.
Getty Realty Profile
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