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 filing with the Securities and Exchange Commission (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 quarter. SG Americas Securities LLC's holdings in Getty Realty were worth $730,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. HighTower Advisors LLC lifted its position in Getty Realty by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust's stock worth $1,904,000 after acquiring an additional 391 shares during the period. Public Employees Retirement System of Ohio lifted its position in 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 acquiring an additional 519 shares during the period. American Century Companies Inc. lifted its position in Getty Realty by 3.4% during the 4th quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust's stock worth $489,000 after acquiring an additional 533 shares during the period. Cetera Investment Advisers lifted its position in Getty Realty by 4.7% during the 4th quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock worth $375,000 after acquiring an additional 561 shares during the period. Finally, Guggenheim Capital LLC lifted its position in Getty Realty by 8.2% during the 4th quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock worth $248,000 after acquiring an additional 622 shares during the period. Institutional investors and hedge funds own 85.11% of the company's stock.
Getty Realty Stock Performance
Shares of GTY stock traded down $0.21 on Friday, hitting $28.65. The company had a trading volume of 628,500 shares, compared to its average volume of 277,393. The firm has a market cap of $1.59 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The company has a 50-day moving average price of $28.63 and a 200-day moving average price of $29.87. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a twelve month low of $25.70 and a twelve month high of $33.85.
Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. Getty Realty had a return on equity of 7.21% and a net margin of 33.44%. The firm had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.71 million. As a group, equities research analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.
Getty Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.56%. Getty Realty's dividend payout ratio (DPR) is currently 155.37%.
Analyst Upgrades and Downgrades
GTY has been the subject of a number of research reports. UBS Group lowered their price target on Getty Realty from $32.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Robert W. Baird lowered their price target on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, KeyCorp decreased their price objective on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Getty Realty currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.
Check Out Our Latest Report on GTY
Getty Realty Company Profile
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