Invesco Ltd. Reduces Stock Position in Getty Realty Corp. (NYSE:GTY)

Invesco Ltd. decreased its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 456,209 shares of the real estate investment trust's stock after selling 31,141 shares during the quarter. Invesco Ltd. owned about 0.83% of Getty Realty worth $13,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Getty Realty by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock worth $39,095,000 after purchasing an additional 17,618 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Getty Realty by 33.9% in the fourth quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust's stock valued at $8,361,000 after acquiring an additional 70,327 shares during the last quarter. Barclays PLC increased its stake in shares of Getty Realty by 409.6% during 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 last quarter. abrdn plc increased its stake in shares of Getty Realty by 30.6% during 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 last quarter. Finally, FMR LLC raised its holdings in shares of Getty Realty by 80.1% in the 3rd quarter. FMR LLC now owns 4,201 shares of the real estate investment trust's stock worth $134,000 after purchasing an additional 1,869 shares during the period. Institutional investors own 85.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JMP Securities reissued a "market outperform" rating and issued a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. Robert W. Baird lowered their price target on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, UBS Group initiated coverage on shares of Getty Realty in a report on Friday, March 28th. They issued a "neutral" rating and a $32.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Getty Realty presently has an average rating of "Moderate Buy" and an average price target of $33.33.

Getty Realty Price Performance

Shares of Getty Realty stock traded down $0.92 during trading on Thursday, hitting $27.59. The stock had a trading volume of 804,963 shares, compared to its average volume of 316,525. 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 firm has a market cap of $1.52 billion, a price-to-earnings ratio of 21.90 and a beta of 0.85. The business's 50-day moving average is $30.03 and its 200 day moving average is $30.87.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) 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, sell-side analysts anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.81%. Getty Realty's dividend payout ratio (DPR) is presently 149.21%.

Getty Realty Company Profile