1,106 Shares in Getty Realty Corp. (NYSE:GTY) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Getty Realty Corp. (NYSE:GTY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,106 shares of the real estate investment trust’s stock, valued at approximately $29,000.

Other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of Getty Realty by 10.4% in the fourth quarter. Wells Fargo & Company MN now owns 361,951 shares of the real estate investment trust’s stock valued at $10,576,000 after acquiring an additional 34,022 shares during the period. Russell Investments Group Ltd. increased its position in shares of Getty Realty by 17.9% in the first quarter. Russell Investments Group Ltd. now owns 151,406 shares of the real estate investment trust’s stock valued at $4,141,000 after acquiring an additional 23,004 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of Getty Realty in the fourth quarter valued at about $8,328,000. ProShare Advisors LLC increased its position in shares of Getty Realty by 11.7% during the first quarter. ProShare Advisors LLC now owns 289,385 shares of the real estate investment trust’s stock valued at $7,915,000 after buying an additional 30,393 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Getty Realty by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 7,516,139 shares of the real estate investment trust’s stock valued at $219,622,000 after buying an additional 220,049 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GTY shares. JMP Securities boosted their price target on shares of Getty Realty from $31.50 to $33.00 and gave the company a “market outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price target on shares of Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th.

Getty Realty Trading Down 0.2 %

NYSE:GTY opened at $31.75 on Wednesday. Getty Realty Corp. has a one year low of $25.70 and a one year high of $32.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.22 and a quick ratio of 3.22. The company’s 50-day simple moving average is $31.30 and its 200 day simple moving average is $28.74. The firm has a market capitalization of $1.71 billion, a P/E ratio of 27.14 and a beta of 0.92.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a return on equity of 6.98% and a net margin of 33.49%. The business had revenue of $49.94 million for the quarter, compared to the consensus estimate of $48.51 million. During the same period in the previous year, the firm earned $0.56 EPS. As a group, analysts forecast that Getty Realty Corp. will post 2.2 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be paid a $0.45 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.80 annualized dividend and a dividend yield of 5.67%. Getty Realty’s dividend payout ratio is presently 153.85%.

Getty Realty Profile