Dimensional Fund Advisors LP Raises Stock Position in Getty Realty Corp. (NYSE:GTY)

Dimensional Fund Advisors LP grew its holdings in shares of Getty Realty Corp. (NYSE:GTYFree Report) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 691,157 shares of the real estate investment trust’s stock after purchasing an additional 43,073 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.31% of Getty Realty worth $20,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GraniteShares Advisors LLC bought a new stake in Getty Realty in the 4th quarter worth approximately $1,473,000. Invesco Ltd. raised its position in Getty Realty by 11.4% during the third quarter. Invesco Ltd. now owns 460,215 shares of the real estate investment trust’s stock valued at $12,762,000 after purchasing an additional 47,192 shares during the period. Cornercap Investment Counsel Inc. lifted its stake in shares of Getty Realty by 116.2% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 23,214 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 12,478 shares during the last quarter. Employees Retirement System of Texas bought a new stake in shares of Getty Realty in the 3rd quarter valued at approximately $1,054,000. Finally, Boston Partners boosted its holdings in shares of Getty Realty by 120.7% in the 3rd quarter. Boston Partners now owns 175,092 shares of the real estate investment trust’s stock worth $4,855,000 after purchasing an additional 95,760 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Price Performance

Getty Realty stock opened at $27.60 on Wednesday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 23.59 and a beta of 0.89. The firm has a 50-day moving average of $27.32 and a two-hundred day moving average of $27.86. Getty Realty Corp. has a 1 year low of $25.90 and a 1 year high of $35.56. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.37 and a quick ratio of 3.37.

Getty Realty (NYSE:GTYGet Free Report) last released its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. The firm had revenue of $48.97 million for the quarter, compared to analysts’ expectations of $46.63 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, research analysts forecast that Getty Realty Corp. will post 2.31 earnings per share for the current year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 27th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Thursday, June 27th. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Getty Realty

Getty Realty Company Profile

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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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