Two Sigma Advisers LP Acquires 129,500 Shares of Getty Realty Corp. (NYSE:GTY)

Two Sigma Advisers LP lifted its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 56.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 360,000 shares of the real estate investment trust's stock after acquiring an additional 129,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.65% of Getty Realty worth $10,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GTY. Barclays PLC grew its stake in shares of Getty Realty by 409.6% during the 3rd quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock worth $3,281,000 after acquiring an additional 82,887 shares during the period. SG Americas Securities LLC bought a new position in shares of Getty Realty during the 4th quarter worth $136,000. Fifth Third Bancorp grew its stake 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 acquiring an additional 1,210 shares during the period. KBC Group NV grew its stake in shares of Getty Realty by 42.4% during the 4th quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 922 shares during the period. Finally, abrdn plc grew its stake in shares of Getty Realty by 30.6% during the 4th 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. Institutional investors own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. KeyCorp cut their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird cut their target price 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. Finally, UBS Group cut 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Getty Realty Price Performance

NYSE GTY traded down $0.36 during trading hours on Wednesday, hitting $28.78. The company had a trading volume of 48,808 shares, compared to its average volume of 328,039. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 22.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The firm has a 50 day simple moving average of $28.82 and a 200 day simple moving average of $30.31. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly 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 firm had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.71 million. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. Equities research analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.53%. Getty Realty's dividend payout ratio is 155.37%.

About Getty Realty