GSA Capital Partners LLP acquired a new position in Getty Realty Corp. (NYSE:GTY - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 15,570 shares of the real estate investment trust's stock, valued at approximately $495,000.
Other large investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Getty Realty during the second quarter valued at approximately $29,000. Point72 Hong Kong Ltd bought a new stake in shares of Getty Realty during the second quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Getty Realty by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 513 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Getty Realty during the second quarter valued at approximately $81,000. Finally, Point72 Asset Management L.P. bought a new stake in Getty Realty in the second quarter worth $162,000. 85.11% of the stock is currently owned by institutional investors.
Getty Realty Stock Performance
Getty Realty stock traded down $0.11 during mid-day trading on Wednesday, reaching $32.70. 306,027 shares of the stock traded hands, compared to its average volume of 285,111. The stock has a market capitalization of $1.80 billion, a PE ratio of 28.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.23. The business's 50-day moving average is $31.77 and its 200-day moving average is $29.93.
Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $51.47 million for the quarter, compared to analysts' expectations of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same quarter last year, the company posted $0.57 EPS. As a group, sell-side analysts predict that Getty Realty Corp. will post 2.22 EPS for the current fiscal year.
Getty Realty Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be given a $0.47 dividend. This is a boost from Getty Realty's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.88 dividend on an annualized basis and a yield of 5.75%. Getty Realty's dividend payout ratio is presently 153.85%.
Analysts Set New Price Targets
Several research firms have commented on GTY. JPMorgan Chase & Co. boosted their target price on Getty Realty from $31.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, September 19th. Bank of America raised Getty Realty from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $31.00 to $34.00 in a report on Monday, October 21st. Finally, JMP Securities boosted their price target on Getty Realty from $31.50 to $33.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 25th.
Read Our Latest Stock Analysis on Getty Realty
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