GraniteShares Advisors LLC Makes New Investment in Getty Realty Corp. (NYSE:GTY)

GraniteShares Advisors LLC purchased a new position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,397 shares of the real estate investment trust's stock, valued at approximately $1,473,000. Getty Realty comprises about 1.3% of GraniteShares Advisors LLC's portfolio, making the stock its 25th biggest position. GraniteShares Advisors LLC owned about 0.10% of Getty Realty at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GTY. IFP Advisors Inc acquired a new stake in shares of Getty Realty in the second quarter valued at about $26,000. Baystate Wealth Management LLC purchased a new stake in Getty Realty during the 4th quarter worth approximately $29,000. Natixis bought a new stake in Getty Realty during the 4th quarter valued at $42,000. Vestcor Inc bought a new stake in shares of Getty Realty in the 2nd quarter worth $57,000. Finally, FMR LLC raised its stake in shares of Getty Realty by 68.3% in the 1st quarter. FMR LLC now owns 1,703 shares of the real estate investment trust's stock worth $61,000 after buying an additional 691 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Down 1.9 %

NYSE GTY traded down $0.50 on Tuesday, reaching $26.11. The stock had a trading volume of 191,064 shares, compared to its average volume of 280,675. The business has a 50 day moving average price of $26.94 and a 200 day moving average price of $27.85. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 0.79. Getty Realty Corp. has a 1 year low of $25.90 and a 1 year high of $35.56. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.70 and a beta of 0.89.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). The company had revenue of $45.62 million for the quarter, compared to the consensus estimate of $47.19 million. Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. On average, analysts forecast that Getty Realty Corp. will post 2.31 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 6.89%. Getty Realty's dividend payout ratio (DPR) is presently 156.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday. JMP Securities restated a "market outperform" rating and issued a $33.00 target price on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Company Profile

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