Deutsche Bank AG Has $1.96 Million Holdings in Getty Realty Corp. (NYSE:GTY)

Deutsche Bank AG grew its holdings in Getty Realty Corp. (NYSE:GTY) by 31.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,166 shares of the real estate investment trust’s stock after buying an additional 15,479 shares during the period. Deutsche Bank AG owned 0.12% of Getty Realty worth $1,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its position in Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust’s stock worth $3,281,000 after acquiring an additional 82,887 shares during the period. SG Americas Securities LLC bought a new position in Getty Realty in the 4th quarter valued at approximately $136,000. Fifth Third Bancorp boosted its stake in shares of Getty Realty by 923.7% during the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,210 shares in the last quarter. KBC Group NV grew its holdings in Getty Realty by 42.4% during the 4th quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 922 shares during the last quarter. Finally, abrdn plc lifted its holdings in Getty Realty by 30.6% during the 4th quarter. abrdn plc now owns 12,692 shares of the real estate investment trust’s stock worth $380,000 after buying an additional 2,975 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Getty Realty Trading Up 0.6%

NYSE:GTY opened at $28.54 on Friday. The stock’s fifty day moving average price is $28.89 and its two-hundred day moving average price is $30.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The company has a market cap of $1.58 billion, a P/E ratio of 22.65 and a beta of 0.83.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. The company had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.71 million. As a group, analysts expect that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.59%. The ex-dividend date is Thursday, June 26th. Getty Realty’s payout ratio is 155.37%.

About Getty Realty