53,601 Shares in Getty Realty Corp. (NYSE:GTY) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in Getty Realty Corp. (NYSE:GTY - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 53,601 shares of the real estate investment trust's stock, valued at approximately $1,615,000. Dark Forest Capital Management LP owned about 0.10% of Getty Realty as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock valued at $3,281,000 after purchasing an additional 82,887 shares during the period. Geode Capital Management LLC grew its stake in shares of Getty Realty by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust's stock worth $40,713,000 after acquiring an additional 16,252 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Getty Realty in the 3rd quarter worth about $140,000. JPMorgan Chase & Co. raised its stake in Getty Realty by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 207,173 shares of the real estate investment trust's stock valued at $6,590,000 after acquiring an additional 4,243 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 592 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $28.77 on Wednesday. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1.58 billion, a P/E ratio of 22.83 and a beta of 0.85. The company has a 50 day moving average of $30.06 and a 200 day moving average of $30.89.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. As a group, sell-side analysts forecast that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.54%. Getty Realty's dividend payout ratio (DPR) is 149.21%.

Analyst Ratings Changes

GTY has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and issued a $34.00 price target on shares of Getty Realty in a research report on Friday, January 10th. UBS Group began coverage on shares of Getty Realty in a report on Friday, March 28th. They set a "neutral" rating and a $32.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Getty Realty has a consensus rating of "Moderate Buy" and an average price target of $33.60.

Getty Realty Company Profile

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