Sumitomo Mitsui Trust Holdings Inc. Grows Holdings in Getty Realty Corp. (NYSE:GTY)

Sumitomo Mitsui Trust Holdings Inc. increased its stake in Getty Realty Corp. (NYSE:GTY) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,015 shares of the real estate investment trust’s stock after buying an additional 4,454 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Getty Realty were worth $1,608,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GTY. Baystate Wealth Management LLC bought a new position in Getty Realty during the 4th quarter worth approximately $29,000. Rocky Mountain Advisers LLC acquired a new stake in Getty Realty during the fourth quarter worth about $105,000. abrdn plc lifted its holdings in Getty Realty by 8.4% in the third quarter. abrdn plc now owns 9,067 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 704 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Getty Realty by 16.8% in the third quarter. Commonwealth Equity Services LLC now owns 10,230 shares of the real estate investment trust’s stock valued at $284,000 after acquiring an additional 1,469 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Getty Realty by 6.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,491 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 613 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GTY. JMP Securities restated a “market outperform” rating and set a $33.00 price objective on shares of Getty Realty in a research note on Monday, March 25th. StockNews.com raised shares of Getty Realty from a “sell” rating to a “hold” rating in a report on Monday.

Getty Realty Stock Performance

GTY opened at $27.37 on Thursday. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $26.90 and its 200-day moving average is $27.82. The stock has a market cap of $1.48 billion, a PE ratio of 23.80 and a beta of 0.89. Getty Realty Corp. has a twelve month low of $25.90 and a twelve month high of $35.56.

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

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders 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 yield of 6.58%. Getty Realty’s payout ratio is 156.52%.

Getty Realty Profile