Principal Financial Group Inc. Purchases 6,658 Shares of Getty Realty Corporation (NYSE:GTY)

Principal Financial Group Inc. grew its position in Getty Realty Corporation (NYSE:GTY) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,094 shares of the real estate investment trust’s stock after acquiring an additional 6,658 shares during the period. Principal Financial Group Inc. owned about 0.46% of Getty Realty worth $7,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Getty Realty by 21.8% in the 1st quarter. Teacher Retirement System of Texas now owns 44,950 shares of the real estate investment trust’s stock valued at $1,402,000 after buying an additional 8,056 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in Getty Realty by 8.1% during 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 Getty Realty by 29.7% during the 1st quarter. Clear Creek Financial Management LLC now owns 11,881 shares of the real estate investment trust’s stock worth $370,000 after acquiring an additional 2,723 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Getty Realty during the 1st quarter worth approximately $445,000. Finally, Asset Management One Co. Ltd. grew its holdings in Getty Realty by 2.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 142,565 shares of the real estate investment trust’s stock worth $4,445,000 after acquiring an additional 3,852 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Price Performance

GTY stock opened at $27.01 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.44 and a quick ratio of 2.44. Getty Realty Corporation has a one year low of $26.65 and a one year high of $33.85. The stock has a market cap of $1.50 billion, a PE ratio of 22.32, a P/E/G ratio of 2.66 and a beta of 0.82. The firm has a 50 day simple moving average of $28.47 and a two-hundred day simple moving average of $29.46.

Getty Realty (NYSE:GTY) last announced 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. Getty Realty had a net margin of 33.44% and a return on equity of 7.21%. The company had revenue of $52.33 million during the quarter, compared to analysts’ expectations of $52.71 million. On average, analysts predict that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 26th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.96%. The ex-dividend date was Thursday, June 26th. Getty Realty’s dividend payout ratio (DPR) is 155.37%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GTY. UBS Group decreased their price objective on shares of Getty Realty from $32.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. KeyCorp dropped their price objective on shares of Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. Finally, Robert W. Baird dropped their price target on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Getty Realty Company Profile