Getty Realty Corp. (NYSE:GTY) Sees Significant Increase in Short Interest

Getty Realty Corp. (NYSE:GTY - Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,750,000 shares, an increase of 5.4% from the March 31st total of 1,660,000 shares. Based on an average daily volume of 277,500 shares, the short-interest ratio is presently 6.3 days.

Getty Realty Trading Up 0.7 %

Shares of NYSE GTY traded up $0.18 during midday trading on Wednesday, reaching $27.28. The company had a trading volume of 211,769 shares, compared to its average volume of 272,339. Getty Realty has a one year low of $25.90 and a one year high of $35.56. The company has a quick ratio of 3.73, a current ratio of 3.37 and a debt-to-equity ratio of 0.84. The firm's fifty day moving average price is $26.88 and its 200-day moving average price is $27.81. The stock has a market cap of $1.47 billion, a PE ratio of 23.15 and a beta of 0.89.

Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.27). Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. The company had revenue of $48.97 million during the quarter, compared to the consensus estimate of $46.63 million. During the same period last year, the firm posted $0.56 EPS. On average, equities research analysts anticipate that Getty Realty will post 2.31 earnings per share for the current year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date is Thursday, June 27th. Getty Realty's payout ratio is 153.85%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baystate Wealth Management LLC purchased a new position in shares of Getty Realty during the 4th quarter worth approximately $29,000. Quadrant Capital Group LLC grew its stake in shares of Getty Realty by 67.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,836 shares of the real estate investment trust's stock worth $83,000 after buying an additional 1,144 shares during the last quarter. SYSTM Wealth Solutions LLC grew its stake in shares of Getty Realty by 33.8% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 3,195 shares of the real estate investment trust's stock worth $88,000 after buying an additional 807 shares during the last quarter. Rocky Mountain Advisers LLC purchased a new stake in shares of Getty Realty in the 4th quarter worth approximately $105,000. Finally, Van ECK Associates Corp grew its stake in shares of Getty Realty by 27.4% in the 4th quarter. Van ECK Associates Corp now owns 6,690 shares of the real estate investment trust's stock worth $195,000 after buying an additional 1,440 shares during the last quarter. Institutional investors own 85.11% of the company's stock.

Wall Street Analyst Weigh In

GTY has been the subject of several research analyst reports. StockNews.com raised Getty Realty from a "sell" rating to a "hold" rating in a research note on Monday, April 22nd. JMP Securities reaffirmed a "market outperform" rating and set a $33.00 price target on shares of Getty Realty in a research note on Monday, March 25th.

About Getty Realty