Getty Realty Corp. (NYSE:GTY) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,297,268 shares of the real estate investment trust's stock after purchasing an additional 17,618 shares during the period. Geode Capital Management LLC owned approximately 2.36% of Getty Realty worth $39,095,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in Getty Realty by 33.9% during the fourth quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust's stock worth $8,361,000 after purchasing an additional 70,327 shares in the last quarter. Jane Street Group LLC boosted its position in Getty Realty by 149.1% in the 3rd quarter. Jane Street Group LLC now owns 96,423 shares of the real estate investment trust's stock valued at $3,067,000 after buying an additional 57,712 shares during the last quarter. Barclays PLC grew its position in shares of Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock worth $3,281,000 after buying an additional 82,887 shares in the last quarter. abrdn plc raised its stake in Getty Realty by 30.6% during the fourth quarter. abrdn plc now owns 12,692 shares of the real estate investment trust's stock valued at $380,000 after buying an additional 2,975 shares in the last quarter. Finally, FMR LLC lifted its holdings in Getty Realty by 80.1% in the third quarter. FMR LLC now owns 4,201 shares of the real estate investment trust's stock worth $134,000 after acquiring an additional 1,869 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Performance

GTY traded up $0.06 during trading on Friday, hitting $28.97. 415,531 shares of the company traded hands, compared to its average volume of 311,139. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The stock's fifty day moving average is $30.14 and its 200 day moving average is $30.93. The firm has a market cap of $1.59 billion, a P/E ratio of 22.99 and a beta of 0.85.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts' consensus estimates 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 predict that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.49%. The ex-dividend date was Thursday, March 27th. Getty Realty's payout ratio is currently 149.21%.

Wall Street Analyst Weigh In

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

Getty Realty Profile