ProShare Advisors LLC Has $7.67 Million Holdings in Getty Realty Corp. (NYSE:GTY)

ProShare Advisors LLC lifted its holdings in Getty Realty Corp. (NYSE:GTY - Free Report) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 254,680 shares of the real estate investment trust's stock after purchasing an additional 24,533 shares during the period. ProShare Advisors LLC owned about 0.46% of Getty Realty worth $7,674,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Barclays PLC boosted its holdings in shares of Getty Realty by 409.6% in the 3rd quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock valued at $3,281,000 after acquiring an additional 82,887 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Getty Realty during the fourth quarter worth about $136,000. Fifth Third Bancorp grew its holdings in shares of Getty Realty by 923.7% during the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 1,210 shares during the period. KBC Group NV grew its stake in shares of Getty Realty by 42.4% in the fourth quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust's stock valued at $93,000 after buying an additional 922 shares in the last quarter. Finally, abrdn plc increased its position in shares of Getty Realty by 30.6% during the fourth quarter. abrdn plc now owns 12,692 shares of the real estate investment trust's stock worth $380,000 after acquiring an additional 2,975 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GTY shares. Robert W. Baird reduced their price objective on 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 decreased their target price on shares of 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, UBS Group lowered their price target on Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Getty Realty presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.

Getty Realty Stock Down 0.7%

Shares of NYSE:GTY traded down $0.19 during midday trading on Tuesday, hitting $28.98. 471,585 shares of the stock were exchanged, compared to its average volume of 328,001. The business's fifty day simple moving average is $29.03 and its two-hundred day simple moving average is $30.41. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The company has a market capitalization of $1.61 billion, a PE ratio of 23.00 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.59. The business had revenue of $52.33 million for 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, research analysts predict that Getty Realty Corp. 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, July 10th. Stockholders of record on Thursday, June 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a dividend yield of 6.49%. Getty Realty's dividend payout ratio is presently 155.37%.

Getty Realty Profile