Getty Realty Corp. (NYSE:GTY) Position Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in Getty Realty Corp. (NYSE:GTY) by 8.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 108,042 shares of the real estate investment trust’s stock after buying an additional 8,522 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.20% of Getty Realty worth $2,880,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Rothschild Investment LLC bought a new position in Getty Realty in the second quarter worth about $81,000. SYSTM Wealth Solutions LLC boosted its position in Getty Realty by 33.8% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 3,195 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 807 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Getty Realty by 23.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,121 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 1,362 shares during the last quarter. Chilton Capital Management LLC increased its position in Getty Realty by 10.4% in the first quarter. Chilton Capital Management LLC now owns 7,212 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 680 shares during the period. Finally, Clear Creek Financial Management LLC bought a new stake in Getty Realty in the first quarter valued at $206,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Price Performance

Shares of GTY opened at $31.60 on Friday. Getty Realty Corp. has a one year low of $25.70 and a one year high of $32.87. The stock’s fifty day moving average is $31.28 and its 200-day moving average is $28.68. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.22 and a current ratio of 3.22. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 27.01 and a beta of 0.92.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The company had revenue of $49.94 million for the quarter, compared to the consensus estimate of $48.51 million. Getty Realty had a return on equity of 6.98% and a net margin of 33.49%. During the same quarter last year, the firm posted $0.56 earnings per share. Equities analysts anticipate that Getty Realty Corp. will post 2.2 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a yield of 5.70%. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JMP Securities increased their price objective on shares of Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Getty Realty Company Profile