Getty Realty Corporation (NYSE:GTY) Stock Position Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in Getty Realty Corporation (NYSE:GTY) by 21.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,950 shares of the real estate investment trust’s stock after acquiring an additional 8,056 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Getty Realty worth $1,402,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. DAVENPORT & Co LLC grew its holdings in shares of Getty Realty by 8.1% in the 1st quarter. DAVENPORT & Co LLC now owns 45,042 shares of the real estate investment trust’s stock worth $1,404,000 after acquiring an additional 3,389 shares during the last quarter. Clear Creek Financial Management LLC grew its holdings in shares of Getty Realty by 29.7% during the first quarter. Clear Creek Financial Management LLC now owns 11,881 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 2,723 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Getty Realty during the first quarter valued at $445,000. Asset Management One Co. Ltd. grew its holdings in shares of Getty Realty by 2.8% during the first quarter. Asset Management One Co. Ltd. now owns 142,565 shares of the real estate investment trust’s stock valued at $4,445,000 after buying an additional 3,852 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Getty Realty by 22.6% during the first quarter. Handelsbanken Fonder AB now owns 18,416 shares of the real estate investment trust’s stock valued at $574,000 after buying an additional 3,400 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GTY. Robert W. Baird lowered their price target on Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. KeyCorp lowered their price target on Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. Finally, UBS Group lowered their price target on Getty Realty from $32.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Getty Realty Price Performance

GTY opened at $27.36 on Friday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.61 and a beta of 0.82. Getty Realty Corporation has a 1 year low of $26.65 and a 1 year high of $33.85. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.94. The stock has a fifty day moving average price of $28.50 and a 200 day moving average price of $29.50.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The firm had revenue of $52.33 million during the quarter, compared to analysts’ expectations of $52.71 million. Getty Realty had a return on equity of 7.21% and a net margin of 33.44%. Analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.87%. Getty Realty’s dividend payout ratio is currently 155.37%.

About Getty Realty