Pensionfund PDN Takes Position in Getty Realty Corporation $GTY

Key Points

• Pensionfund PDN bought 43,000 shares of Getty Realty (NYSE:GTY) in Q4, a new stake valued at about $1.177 million and representing roughly 0.07% ownership.
• Getty Realty declared a quarterly dividend of $0.485 per share (annualized $1.94), implying a 6.0% yield with a payout ratio of 144.78%; the ex-dividend and record dates are in late March and the payment is April 9.
• Analysts hold a consensus "Hold" rating with a $32.20 target after recent price-target bumps to $33 by RBC and UBS, and the company recently reported a slight EPS and revenue beat with revenue up 14.2% year-over-year.

Pensionfund PDN bought a new stake in shares of Getty Realty Corporation (NYSE:GTY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,000 shares of the real estate investment trust's stock, valued at approximately $1,177,000. Pensionfund PDN owned approximately 0.07% of Getty Realty at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Advisors Asset Management Inc. bought a new stake in Getty Realty in the first quarter worth approximately $31,000. Aster Capital Management DIFC Ltd bought a new position in shares of Getty Realty during the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its position in shares of Getty Realty by 3,996.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,159 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Getty Realty during the 2nd quarter worth approximately $38,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Getty Realty by 288.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 1,013 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GTY shares. Royal Bank Of Canada boosted their target price on shares of Getty Realty from $30.00 to $33.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 17th. UBS Group lifted their price target on shares of Getty Realty from $29.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, March 9th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Getty Realty in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Getty Realty presently has a consensus rating of "Hold" and a consensus target price of $32.20.

Getty Realty Price Performance

Shares of NYSE GTY opened at $32.20 on Tuesday. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $34.14. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 2.38 and a beta of 0.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.20 and a current ratio of 2.20. The firm's 50-day simple moving average is $31.62 and its 200 day simple moving average is $29.08.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The firm had revenue of $60.55 million during the quarter, compared to analyst estimates of $55.94 million. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The firm's quarterly revenue was up 14.2% compared to the same quarter last year. As a group, research analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $1.94 annualized dividend and a dividend yield of 6.0%. Getty Realty's payout ratio is presently 144.78%.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company's portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.

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