Schonfeld Strategic Advisors LLC increased its stake in Getty Realty Corp. (NYSE:GTY - Free Report) by 35.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,470 shares of the real estate investment trust's stock after purchasing an additional 17,419 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.12% of Getty Realty worth $2,003,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 1,210 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Getty Realty by 715.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 1,216 shares during the period. GAMMA Investing LLC raised its holdings in shares of Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 592 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of Getty Realty in the 4th quarter worth approximately $45,000. Finally, Sterling Capital Management LLC raised its holdings in shares of Getty Realty by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 1,413 shares during the period. Institutional investors own 85.11% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Robert W. Baird lowered their price target on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. UBS Group assumed coverage on shares of Getty Realty in a research note on Friday, March 28th. They issued a "neutral" rating and a $32.00 price objective for the company. Finally, KeyCorp reduced their price objective on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Getty Realty has an average rating of "Moderate Buy" and an average price target of $33.00.
Get Our Latest Stock Analysis on Getty Realty
Getty Realty Stock Performance
Getty Realty stock traded up $0.30 during mid-day trading on Friday, reaching $28.60. The company's stock had a trading volume of 275,707 shares, compared to its average volume of 323,697. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85. The company has a market capitalization of $1.59 billion, a P/E ratio of 22.70 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's fifty day moving average price is $29.35 and its two-hundred day moving average price is $30.56.
Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, meeting analysts' consensus estimates of $0.59. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. The business had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.71 million. Sell-side analysts predict that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.
Getty Realty Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be given 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 6.57%. Getty Realty's dividend payout ratio (DPR) is currently 155.37%.
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