Creative Planning Purchases New Stake in Getty Realty Corp. (NYSE:GTY)

Creative Planning acquired a new position in shares of Getty Realty Corp. (NYSE:GTYFree Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,920 shares of the real estate investment trust’s stock, valued at approximately $291,000.

Several other large investors also recently made changes to their positions in GTY. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Getty Realty during the 2nd quarter valued at $29,000. Point72 Hong Kong Ltd acquired a new position in shares of Getty Realty during the second quarter worth about $30,000. Rothschild Investment LLC acquired a new stake in shares of Getty Realty in the second quarter valued at about $81,000. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 valued at $195,000 after buying an additional 1,362 shares during the period. Finally, Chilton Capital Management LLC lifted its position in Getty Realty by 10.4% during the 1st quarter. Chilton Capital Management LLC now owns 7,212 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 680 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on GTY shares. JPMorgan Chase & Co. increased their price objective 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. JMP Securities lifted their price target on shares of Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 25th.

Check Out Our Latest Report on GTY

Getty Realty Stock Performance

Getty Realty stock opened at $31.85 on Friday. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $31.49 and a 200-day moving average of $29.13. The stock has a market cap of $1.72 billion, a P/E ratio of 27.22 and a beta of 0.92. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $32.87.

Getty Realty (NYSE:GTYGet Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.27). The company had revenue of $49.94 million for the quarter, compared to analyst estimates of $48.51 million. Getty Realty had a return on equity of 6.98% and a net margin of 33.49%. During the same period in the prior year, the business earned $0.56 earnings per share. On average, analysts expect that Getty Realty Corp. will post 2.22 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend was Thursday, September 26th. Getty Realty’s payout ratio is currently 153.85%.

Getty Realty Company Profile

(Free Report)

Featured Articles

Want to see what other hedge funds are holding GTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Getty Realty Corp. (NYSE:GTYFree Report).

Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

Receive News & Ratings for Getty Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Realty and related companies with MarketBeat.com's FREE daily email newsletter.