LPL Financial LLC Has $2.76 Million Stake in Getty Realty Corporation $GTY

LPL Financial LLC lifted its position in shares of Getty Realty Corporation (NYSE:GTY) by 30.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,476 shares of the real estate investment trust’s stock after acquiring an additional 20,473 shares during the quarter. LPL Financial LLC owned approximately 0.16% of Getty Realty worth $2,759,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in shares of Getty Realty by 18.7% during the 1st quarter. Cetera Investment Advisers now owns 14,760 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 2,327 shares in the last quarter. Legato Capital Management LLC grew its position in shares of Getty Realty by 19.9% in the 1st quarter. Legato Capital Management LLC now owns 55,725 shares of the real estate investment trust’s stock valued at $1,738,000 after buying an additional 9,236 shares during the last quarter. B&I Capital AG grew its position in shares of Getty Realty by 42.5% in the 1st quarter. B&I Capital AG now owns 192,680 shares of the real estate investment trust’s stock valued at $6,008,000 after buying an additional 57,450 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Getty Realty in the 1st quarter valued at about $760,000. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Getty Realty by 8.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 18,391 shares of the real estate investment trust’s stock valued at $573,000 after buying an additional 1,433 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Robert W. Baird reduced their price target on Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. KeyCorp reduced their price target on Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen lowered Getty Realty from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, UBS Group upped their price target on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.67.

Getty Realty Stock Up 0.3%

Shares of NYSE:GTY opened at $28.18 on Monday. Getty Realty Corporation has a 1 year low of $26.42 and a 1 year high of $33.85. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 2.12 and a beta of 0.83. The business’s 50-day moving average is $28.07 and its 200-day moving average is $29.06. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS 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 firm had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. Equities research analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The company 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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty’s payout ratio is presently 163.48%.

Getty Realty Profile