Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 24,381 Getty Realty Corporation (NYSE:GTY)

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%.

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

Several other institutional investors and hedge funds have also recently modified their holdings of GTY. BROOKFIELD Corp ON bought a new stake in shares of Getty Realty in the fourth quarter valued at about $14,988,000. Marshall Wace LLP boosted its position in shares of Getty Realty by 78.8% during the 4th quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust's stock worth $15,435,000 after acquiring an additional 225,752 shares in the last quarter. Norges Bank acquired a new position in Getty Realty during the fourth quarter valued at approximately $5,217,000. Northern Trust Corp lifted its stake in Getty Realty by 23.5% during the fourth quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust's stock worth $21,774,000 after purchasing an additional 137,427 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Getty Realty by 56.2% in the 4th quarter. Two Sigma Advisers LP now owns 360,000 shares of the real estate investment trust's stock valued at $10,847,000 after purchasing an additional 129,500 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Up 1.9%

Shares of Getty Realty stock traded up $0.53 during trading on Monday, reaching $28.57. 302,248 shares of the company traded hands, compared to its average volume of 377,106. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. Getty Realty Corporation has a 1-year low of $26.42 and a 1-year high of $33.85. The company has a 50 day moving average price of $28.20 and a 200-day moving average price of $29.24. The firm has a market capitalization of $1.62 billion, a PE ratio of 24.84, a P/E/G ratio of 2.11 and a beta of 0.83.

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

Getty Realty Announces Dividend

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

Analysts Set New Price Targets

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

Getty Realty Profile