SG Americas Securities LLC Boosts Position in Getty Realty Corporation (NYSE:GTY)

SG Americas Securities LLC boosted its position in shares of Getty Realty Corporation (NYSE:GTY) by 417.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,415 shares of the real estate investment trust’s stock after purchasing an additional 18,887 shares during the quarter. SG Americas Securities LLC’s holdings in Getty Realty were worth $730,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new position in Getty Realty during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC lifted its position in Getty Realty by 715.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,216 shares during the period. Loomis Sayles & Co. L P purchased a new position in Getty Realty during the fourth quarter worth about $45,000. Sterling Capital Management LLC lifted its position in Getty Realty by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,413 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Getty Realty by 246.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 1,799 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Trading Down 0.7%

GTY stock opened at $28.65 on Friday. Getty Realty Corporation has a 1-year low of $25.70 and a 1-year high of $33.85. The firm has a market cap of $1.59 billion, a P/E ratio of 23.68, a P/E/G ratio of 2.75 and a beta of 0.84. The business’s 50 day moving average is $28.63 and its 200-day moving average is $29.90. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. Getty Realty had a return on equity of 7.21% and a net margin of 33.44%. The company had revenue of $52.33 million for the quarter, compared to the consensus estimate of $52.71 million. Equities analysts anticipate that Getty Realty Corporation 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. Shareholders of record on Thursday, June 26th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.56%. Getty Realty’s dividend payout ratio (DPR) is presently 155.37%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group dropped their price target 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. KeyCorp dropped their price target 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. Finally, Robert W. Baird dropped their price target on Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

Getty Realty Profile