Legato Capital Management LLC increased its holdings in Getty Realty Corporation (NYSE:GTY - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,725 shares of the real estate investment trust's stock after acquiring an additional 9,236 shares during the quarter. Legato Capital Management LLC owned approximately 0.10% of Getty Realty worth $1,738,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. B&I Capital AG raised its stake in Getty Realty by 42.5% during the first quarter. B&I Capital AG now owns 192,680 shares of the real estate investment trust's stock valued at $6,008,000 after buying an additional 57,450 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Getty Realty during the first quarter valued at approximately $760,000. Y Intercept Hong Kong Ltd raised its stake in Getty Realty by 8.5% during the first quarter. Y Intercept Hong Kong Ltd now owns 18,391 shares of the real estate investment trust's stock valued at $573,000 after buying an additional 1,433 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Getty Realty by 75.5% during the first quarter. Allianz Asset Management GmbH now owns 36,847 shares of the real estate investment trust's stock valued at $1,149,000 after buying an additional 15,847 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in Getty Realty by 53.7% during the first 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 buying an additional 12,794 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.
Getty Realty Stock Performance
GTY stock traded up $0.22 on Friday, reaching $27.73. The company's stock had a trading volume of 433,254 shares, compared to its average volume of 373,308. Getty Realty Corporation has a 52 week low of $26.42 and a 52 week high of $33.85. The company has a market capitalization of $1.54 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 2.59 and a beta of 0.82. The firm has a fifty day moving average of $28.31 and a two-hundred day moving average of $29.33. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.44 and a quick ratio of 2.44.
Getty Realty (NYSE:GTY - Get Free Report) last issued 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 return on equity of 6.90% and a net margin of 31.62%. The business had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. As a group, analysts predict that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.
Getty Realty Dividend Announcement
The company also recently declared 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 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Thursday, September 25th. Getty Realty's payout ratio is currently 163.48%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on GTY. UBS Group dropped their price target on Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. KeyCorp dropped their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Robert W. Baird dropped their price target on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Getty Realty presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.33.
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