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24,381 Shares in Getty Realty Corporation (NYSE:GTY) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

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Key Points

  • Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $760,000 in Getty Realty Corporation (NYSE:GTY) by acquiring 24,381 shares during the first quarter.
  • Several institutional investors have adjusted their stakes in Getty Realty, with notable increases from firms like JPMorgan Chase & Co. and LPL Financial LLC, reflecting a growing interest in the company.
  • The company recently declared a quarterly dividend of $0.47 per share, representing an annualized yield of 6.7%, although its dividend payout ratio is notably high at 163.48%.
  • Looking to export and analyze Getty Realty data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,381 shares of the real estate investment trust's stock, valued at approximately $760,000.

A number of other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Getty Realty by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock valued at $39,095,000 after purchasing an additional 17,618 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Getty Realty in the first quarter worth $211,000. JPMorgan Chase & Co. raised its holdings in Getty Realty by 33.9% during the 4th quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust's stock valued at $8,361,000 after buying an additional 70,327 shares during the last quarter. GAMMA Investing LLC boosted its position in Getty Realty by 3,339.0% during the 1st quarter. GAMMA Investing LLC now owns 51,104 shares of the real estate investment trust's stock valued at $1,639,000 after buying an additional 49,618 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in Getty Realty by 21.8% during the 1st quarter. Teacher Retirement System of Texas now owns 44,950 shares of the real estate investment trust's stock valued at $1,402,000 after buying an additional 8,056 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Stock Down 0.5%

GTY traded down $0.13 on Wednesday, hitting $28.33. The company had a trading volume of 71,801 shares, compared to its average volume of 374,156. The stock has a fifty day simple moving average of $28.19 and a 200-day simple moving average of $29.22. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $1.60 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.14 and a beta of 0.83. Getty Realty Corporation has a 52-week low of $26.42 and a 52-week high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The firm had revenue of $51.31 million during the quarter, compared to analysts' expectations of $51.59 million. As a group, equities analysts expect that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.6%. Getty Realty's dividend payout ratio is currently 163.48%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group decreased their price objective on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. KeyCorp reduced their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Robert W. Baird cut their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $32.33.

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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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