GSA Capital Partners LLP Buys Shares of 15,570 Getty Realty Corp. (NYSE:GTY)

GSA Capital Partners LLP bought a new stake in shares of Getty Realty Corp. (NYSE:GTY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,570 shares of the real estate investment trust’s stock, valued at approximately $495,000.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in Getty Realty by 17.9% during the 1st quarter. Russell Investments Group Ltd. now owns 151,406 shares of the real estate investment trust’s stock valued at $4,141,000 after purchasing an additional 23,004 shares during the period. Vanguard Group Inc. increased its position in Getty Realty by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 7,768,393 shares of the real estate investment trust’s stock valued at $212,466,000 after purchasing an additional 252,254 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Getty Realty during the 2nd quarter valued at about $958,000. Envestnet Asset Management Inc. increased its position in Getty Realty by 12.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 258,154 shares of the real estate investment trust’s stock valued at $6,882,000 after purchasing an additional 27,902 shares during the period. Finally, Boston Partners boosted its holdings in shares of Getty Realty by 93.8% in the 1st quarter. Boston Partners now owns 60,834 shares of the real estate investment trust’s stock valued at $1,664,000 after buying an additional 29,448 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Up 3.3 %

GTY stock opened at $32.95 on Wednesday. The firm has a 50 day moving average of $31.75 and a 200 day moving average of $29.89. The stock has a market capitalization of $1.81 billion, a PE ratio of 28.16 and a beta of 0.91. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.23.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). The company had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same quarter last year, the business earned $0.57 earnings per share. Sell-side analysts forecast that Getty Realty Corp. will post 2.22 earnings per share for the current year.

Getty Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a yield of 5.71%. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GTY shares. JPMorgan Chase & Co. raised their price target on shares of Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. JMP Securities raised their price target on shares of Getty Realty from $31.50 to $33.00 and gave the company a “market outperform” rating in a report on Thursday, July 25th. Finally, Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and raised their price target for the company from $31.00 to $34.00 in a report on Monday, October 21st.

Getty Realty Profile