Allspring Global Investments Holdings LLC Sells 4,732 Shares of Getty Realty Corp. (NYSE:GTY)

Allspring Global Investments Holdings LLC decreased its position in shares of Getty Realty Corp. (NYSE:GTY) by 45.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,759 shares of the real estate investment trust’s stock after selling 4,732 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Getty Realty were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rocky Mountain Advisers LLC bought a new position in Getty Realty during the 4th quarter valued at about $105,000. abrdn plc raised its holdings in shares of 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 buying an additional 704 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of 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 worth $284,000 after acquiring an additional 1,469 shares during the last quarter. Bailard Inc. boosted its holdings 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 acquiring an additional 4,800 shares during the period. Finally, UniSuper Management Pty Ltd boosted its holdings 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 acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GTY shares. JMP Securities reiterated a “market outperform” rating and set a $33.00 target price on shares of Getty Realty in a research report on Monday, March 25th. StockNews.com raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

Getty Realty Stock Down 0.4 %

Shares of GTY stock opened at $26.92 on Monday. Getty Realty Corp. has a fifty-two week low of $25.90 and a fifty-two week high of $35.56. The firm has a market capitalization of $1.45 billion, a PE ratio of 23.01 and a beta of 0.89. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.73 and a current ratio of 3.73. The stock’s 50-day simple moving average is $26.89 and its 200-day simple moving average is $27.81.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The business had revenue of $45.62 million for the quarter, compared to analysts’ expectations of $47.19 million. Getty Realty had a return on equity of 6.87% and a net margin of 32.74%. Equities analysts expect that Getty Realty Corp. will post 2.31 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 27th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.69%. The ex-dividend date of this dividend is Thursday, June 27th. Getty Realty’s dividend payout ratio is currently 153.85%.

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