Getty Realty Corporation (NYSE:GTY) Short Interest Up 135.7% in February

Getty Realty Corporation (NYSE:GTY) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 7,399,188 shares, a growth of 135.7% from the February 12th total of 3,139,236 shares. Currently, 13.6% of the shares of the stock are short sold. Based on an average daily volume of 1,101,327 shares, the days-to-cover ratio is currently 6.7 days. Based on an average daily volume of 1,101,327 shares, the days-to-cover ratio is currently 6.7 days. Currently, 13.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Versor Investments LP acquired a new position in Getty Realty in the third quarter worth approximately $1,312,000. Allworth Financial LP lifted its position in shares of Getty Realty by 6,425.8% during the 2nd quarter. Allworth Financial LP now owns 21,274 shares of the real estate investment trust’s stock valued at $588,000 after acquiring an additional 20,948 shares during the last quarter. Delta Investment Management LLC boosted its stake in shares of Getty Realty by 73.1% during the 3rd quarter. Delta Investment Management LLC now owns 55,330 shares of the real estate investment trust’s stock worth $1,484,000 after acquiring an additional 23,369 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Getty Realty by 54.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 479,414 shares of the real estate investment trust’s stock worth $13,251,000 after acquiring an additional 168,345 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Getty Realty by 178.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 103,629 shares of the real estate investment trust’s stock worth $2,864,000 after acquiring an additional 66,443 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

NYSE:GTY opened at $33.13 on Friday. The company has a market cap of $1.98 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.45 and a beta of 0.82. The firm’s 50 day moving average is $31.04 and its two-hundred day moving average is $28.87. Getty Realty has a fifty-two week low of $25.39 and a fifty-two week high of $34.02. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.93.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The company had revenue of $60.55 million during the quarter, compared to analysts’ expectations of $55.94 million. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts expect that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be issued a $0.485 dividend. The ex-dividend date is Thursday, March 26th. This represents a $1.94 dividend on an annualized basis and a yield of 5.9%. Getty Realty’s payout ratio is currently 144.78%.

Analyst Ratings Changes

GTY has been the subject of several research reports. Royal Bank Of Canada lifted their price objective on Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a report on Thursday, January 22nd. Finally, UBS Group boosted their price target on Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.20.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.