Getty Realty Corporation (NYSE:GTY) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Getty Realty Corporation (NYSE:GTY - Free Report) by 417.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,415 shares of the real estate investment trust's stock after purchasing an additional 18,887 shares during the period. SG Americas Securities LLC's holdings in Getty Realty were worth $730,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Chatham Capital Group Inc. boosted its stake in shares of Getty Realty by 4.2% in the 1st quarter. Chatham Capital Group Inc. now owns 60,123 shares of the real estate investment trust's stock valued at $1,875,000 after buying an additional 2,450 shares during the period. GAMMA Investing LLC lifted its stake in Getty Realty by 3,339.0% in the first 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. GF Fund Management CO. LTD. acquired a new position in Getty Realty during the 4th quarter worth approximately $28,000. Public Employees Retirement System of Ohio lifted its position in shares of Getty Realty by 0.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust's stock worth $2,173,000 after purchasing an additional 519 shares during the last quarter. Finally, PharVision Advisers LLC acquired a new position in shares of Getty Realty during the fourth quarter worth $358,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

Shares of GTY traded down $0.42 during midday trading on Tuesday, reaching $28.85. 420,078 shares of the stock were exchanged, compared to its average volume of 332,865. Getty Realty Corporation has a twelve month low of $25.70 and a twelve month high of $33.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.44 and a quick ratio of 2.44. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 2.73 and a beta of 0.84. The business's 50-day moving average price is $28.65 and its 200 day moving average price is $29.85.

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, hitting the consensus estimate of $0.59. The company had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a return on equity of 7.21% and a net margin of 33.44%. On average, sell-side analysts expect that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date is Thursday, June 26th. Getty Realty's dividend payout ratio is currently 155.37%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GTY shares. KeyCorp decreased their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. UBS Group decreased their target price on Getty Realty from $32.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Robert W. Baird dropped their price target on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.50.

Getty Realty Profile