ExodusPoint Capital Management LP Lowers Stock Position in Getty Realty Corp. (NYSE:GTY)

ExodusPoint Capital Management LP cut its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,634 shares of the real estate investment trust's stock after selling 17,183 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.15% of Getty Realty worth $2,430,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GTY. Jane Street Group LLC grew its position in Getty Realty by 149.1% during the third quarter. Jane Street Group LLC now owns 96,423 shares of the real estate investment trust's stock valued at $3,067,000 after acquiring an additional 57,712 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Getty Realty by 79.9% during the 3rd quarter. Stifel Financial Corp now owns 198,761 shares of the real estate investment trust's stock valued at $6,323,000 after purchasing an additional 88,253 shares during the last quarter. Barclays PLC raised its position in Getty Realty by 409.6% in the 3rd quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock worth $3,281,000 after purchasing an additional 82,887 shares during the period. abrdn plc raised its position in Getty Realty by 30.6% in the 4th quarter. abrdn plc now owns 12,692 shares of the real estate investment trust's stock worth $380,000 after purchasing an additional 2,975 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Getty Realty by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust's stock worth $40,713,000 after purchasing an additional 16,252 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

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Getty Realty Stock Up 1.4 %

Shares of GTY traded up $0.38 on Friday, hitting $28.06. 307,203 shares of the stock traded hands, compared to its average volume of 308,477. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The company has a market capitalization of $1.54 billion, a PE ratio of 22.27 and a beta of 0.85. The business has a 50 day simple moving average of $30.37 and a 200 day simple moving average of $31.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28.

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

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.70%. The ex-dividend date was Thursday, March 27th. Getty Realty's dividend payout ratio is presently 149.21%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group assumed coverage on Getty Realty in a report on Friday, March 28th. They issued a "neutral" rating and a $32.00 price objective on the stock. KeyCorp raised Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price target on the stock in a research note on Tuesday, December 17th. Finally, JMP Securities reissued a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.60.

Getty Realty Company Profile