22,220 Shares in Getty Realty Corp. (NYSE:GTY) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in Getty Realty Corp. (NYSE:GTY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,220 shares of the real estate investment trust's stock, valued at approximately $669,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GTY. Fifth Third Bancorp increased its position in Getty Realty by 923.7% during the fourth 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 last quarter. Smartleaf Asset Management LLC lifted its holdings in Getty Realty by 715.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 1,216 shares during the last quarter. GAMMA Investing LLC grew its position in Getty Realty by 66.2% in the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 592 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Getty Realty during the fourth quarter worth $45,000. Finally, Sterling Capital Management LLC raised its position in Getty Realty by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,413 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GTY. UBS Group initiated coverage on Getty Realty in a research report on Friday, March 28th. They set a "neutral" rating and a $32.00 price objective for the company. Robert W. Baird dropped their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. KeyCorp cut their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, JMP Securities reissued a "market outperform" rating and issued a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

Getty Realty Stock Up 0.7 %

Shares of NYSE:GTY traded up $0.19 on Wednesday, hitting $28.38. 148,430 shares of the company's stock were exchanged, compared to its average volume of 320,384. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.85. The company has a market capitalization of $1.57 billion, a PE ratio of 22.51 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 50-day moving average is $29.53 and its 200 day moving average is $30.66.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $52.33 million during the quarter, compared to analysts' expectations of $52.71 million. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Sell-side analysts predict that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be issued a $0.47 dividend. The ex-dividend date is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.63%. Getty Realty's payout ratio is 155.37%.

About Getty Realty