Jane Street Group LLC Sells 41,365 Shares of Getty Realty Corp. (NYSE:GTY)

Jane Street Group LLC reduced its position in Getty Realty Corp. (NYSE:GTY) by 42.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 55,058 shares of the real estate investment trust’s stock after selling 41,365 shares during the period. Jane Street Group LLC owned 0.10% of Getty Realty worth $1,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GTY. Geode Capital Management LLC increased its position in shares of Getty Realty by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust’s stock valued at $39,095,000 after buying an additional 17,618 shares during the period. JPMorgan Chase & Co. increased its position in shares of Getty Realty by 33.9% during the fourth quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust’s stock valued at $8,361,000 after buying an additional 70,327 shares during the period. Barclays PLC increased its position in shares of Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust’s stock valued at $3,281,000 after buying an additional 82,887 shares during the period. abrdn plc increased its position in shares of Getty Realty by 30.6% during the fourth quarter. abrdn plc now owns 12,692 shares of the real estate investment trust’s stock valued at $380,000 after buying an additional 2,975 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Getty Realty by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust’s stock valued at $236,937,000 after buying an additional 48,491 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GTY has been the subject of several recent analyst reports. Robert W. Baird cut their price objective on Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. UBS Group cut their target price on Getty Realty from $32.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, KeyCorp cut their target price on Getty Realty from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.50.

Getty Realty Price Performance

GTY opened at $29.02 on Monday. The stock has a fifty day simple moving average of $29.08 and a two-hundred day simple moving average of $30.44. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 23.03 and a beta of 0.83. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. The firm had revenue of $52.33 million for the quarter, compared to analysts’ expectations of $52.71 million. Research analysts predict that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Thursday, June 26th. Getty Realty’s dividend payout ratio (DPR) is currently 155.37%.

Getty Realty Profile