Allspring Global Investments Holdings LLC Buys 976 Shares of Getty Realty Corp. (NYSE:GTY)

Allspring Global Investments Holdings LLC grew its stake in shares of Getty Realty Corp. (NYSE:GTY) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,878 shares of the real estate investment trust’s stock after buying an additional 976 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Getty Realty were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GTY. Natixis bought a new stake in Getty Realty during the fourth quarter worth about $42,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in Getty Realty by 92.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,656 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 795 shares during the last quarter. FMR LLC boosted its stake in Getty Realty by 68.3% in the first 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. Advisory Services Network LLC grew its position in Getty Realty by 80.7% during the first quarter. Advisory Services Network LLC now owns 1,809 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 808 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Getty Realty during the second quarter worth approximately $75,000. 83.55% of the stock is owned by institutional investors.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $27.79 on Friday. The firm has a market cap of $1.46 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 8.13 and a beta of 0.88. The company’s fifty day simple moving average is $28.08 and its two-hundred day simple moving average is $31.27. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.81. Getty Realty Corp. has a 12-month low of $25.95 and a 12-month high of $36.49.

Getty Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 28th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This is a boost from Getty Realty’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 6.48%. Getty Realty’s dividend payout ratio (DPR) is presently 121.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GTY shares. StockNews.com assumed coverage on shares of Getty Realty in a report on Thursday, October 5th. They set a “hold” rating on the stock. Royal Bank of Canada decreased their price objective on Getty Realty from $33.00 to $30.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, JMP Securities dropped their target price on Getty Realty from $39.00 to $33.00 and set a “market outperform” rating for the company in a report on Thursday, October 19th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Getty Realty has an average rating of “Hold” and an average price target of $32.33.

Getty Realty Company Profile