Kestra Private Wealth Services LLC Boosts Holdings in Getty Realty Corporation (NYSE:GTY)

Kestra Private Wealth Services LLC boosted its stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 53.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,630 shares of the real estate investment trust's stock after purchasing an additional 12,794 shares during the quarter. Kestra Private Wealth Services LLC owned 0.07% of Getty Realty worth $1,142,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in 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 worth $39,095,000 after purchasing an additional 17,618 shares during the last quarter. D.A. Davidson & CO. bought a new position in Getty Realty during the 1st quarter worth approximately $211,000. JPMorgan Chase & Co. boosted its stake in 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 worth $8,361,000 after acquiring an additional 70,327 shares during the last quarter. GAMMA Investing LLC boosted its stake in Getty Realty by 3,339.0% during the 1st quarter. GAMMA Investing LLC now owns 51,104 shares of the real estate investment trust's stock worth $1,639,000 after acquiring an additional 49,618 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Getty Realty by 21.8% during the 1st quarter. Teacher Retirement System of Texas now owns 44,950 shares of the real estate investment trust's stock worth $1,402,000 after buying an additional 8,056 shares during the period. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Trading Up 0.8%

Shares of Getty Realty stock traded up $0.22 on Friday, hitting $27.73. The stock had a trading volume of 433,257 shares, compared to its average volume of 374,843. The stock has a 50 day moving average of $28.31 and a 200 day moving average of $29.33. Getty Realty Corporation has a twelve month low of $26.42 and a twelve month high of $33.85. 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 firm has a market capitalization of $1.54 billion, a P/E ratio of 24.11, a PEG ratio of 2.59 and a beta of 0.82.

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

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is presently 163.48%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. KeyCorp lowered 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 decreased their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group reduced their target price on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.33.

About Getty Realty