Mirae Asset Global Investments Co. Ltd. Has $625,000 Stake in Getty Realty Corp. (NYSE:GTY)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Getty Realty Corp. (NYSE:GTY) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,378 shares of the real estate investment trust’s stock after purchasing an additional 571 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Getty Realty were worth $625,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. abrdn plc boosted its stake in Getty Realty by 8.4% during the 3rd quarter. abrdn plc now owns 9,067 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 704 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Getty Realty by 16.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 10,230 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 1,469 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Getty Realty by 6.2% during the 3rd 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. Bailard Inc. boosted its stake in Getty Realty by 80.5% during the 3rd quarter. Bailard Inc. now owns 10,761 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 4,800 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in Getty Realty by 5.7% during the 3rd quarter. UniSuper Management Pty Ltd now owns 12,900 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 700 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Getty Realty Price Performance

Shares of NYSE GTY opened at $27.05 on Friday. Getty Realty Corp. has a twelve month low of $25.90 and a twelve month high of $35.56. The stock’s 50 day moving average price is $26.89 and its 200-day moving average price is $27.81. The company has a market capitalization of $1.46 billion, a PE ratio of 23.52 and a beta of 0.89. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79.

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 analysts’ consensus estimates of $0.57 by ($0.27). Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. The business had revenue of $45.62 million during the quarter, compared to analysts’ expectations of $47.19 million. On average, equities analysts anticipate that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.45 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 6.65%. Getty Realty’s payout ratio is 156.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GTY shares. JMP Securities reiterated a “market outperform” rating and set a $33.00 price target on shares of Getty Realty in a research note on Monday, March 25th. StockNews.com upgraded Getty Realty from a “sell” rating to a “hold” rating in a research note on Monday.

About Getty Realty