Castellan Group Purchases Shares of 98,341 Getty Realty Corporation (NYSE:GTY)

Castellan Group purchased a new stake in Getty Realty Corporation (NYSE:GTY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 98,341 shares of the real estate investment trust’s stock, valued at approximately $3,066,000. Castellan Group owned 0.18% of Getty Realty as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GTY. US Bancorp DE lifted its holdings in shares of Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 376 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Getty Realty by 0.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust’s stock worth $2,173,000 after acquiring an additional 519 shares during the period. American Century Companies Inc. raised its stake in Getty Realty by 3.4% during the 4th quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 533 shares during the last quarter. Cetera Investment Advisers raised its stake in Getty Realty by 4.7% during the 4th quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust’s stock valued at $375,000 after purchasing an additional 561 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in Getty Realty by 8.2% in the 4th quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 622 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Trading Down 0.5%

Shares of GTY stock opened at $27.79 on Friday. The firm has a fifty day moving average of $28.21 and a 200-day moving average of $29.27. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 2.10 and a beta of 0.82. Getty Realty Corporation has a 52-week low of $26.42 and a 52-week high of $33.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The business had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. On average, equities research analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Thursday, September 25th. Getty Realty’s dividend payout ratio (DPR) is 163.48%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GTY shares. 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 report on Wednesday, May 7th. UBS Group decreased their target price on Getty Realty from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 16th. 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 research note on Thursday, April 24th. Finally, Wall Street Zen downgraded Getty Realty from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Getty Realty presently has an average rating of “Hold” and an average price target of $32.33.

Getty Realty Company Profile