Jane Street Group LLC Acquires 57,712 Shares of Getty Realty Corp. (NYSE:GTY)

Jane Street Group LLC grew its stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 149.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,423 shares of the real estate investment trust's stock after acquiring an additional 57,712 shares during the period. Jane Street Group LLC owned about 0.18% of Getty Realty worth $3,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp raised its position in shares of Getty Realty by 4.6% during the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust's stock valued at $126,411,000 after acquiring an additional 172,631 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Getty Realty by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust's stock valued at $24,727,000 after purchasing an additional 11,742 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Getty Realty by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 740,116 shares of the real estate investment trust's stock worth $19,731,000 after buying an additional 28,575 shares during the period. Natixis Advisors LLC raised its holdings in Getty Realty by 38.1% during the third quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust's stock worth $19,182,000 after purchasing an additional 166,345 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Getty Realty by 9.8% in the second quarter. Bank of New York Mellon Corp now owns 601,341 shares of the real estate investment trust's stock worth $16,032,000 after acquiring an additional 53,906 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

Getty Realty Stock Performance

Shares of NYSE:GTY traded up $0.29 during trading on Friday, reaching $30.55. The stock had a trading volume of 1,130,937 shares, compared to its average volume of 283,975. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $32.04 and a two-hundred day simple moving average of $30.62. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 26.11 and a beta of 0.92. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The firm had revenue of $51.47 million for the quarter, compared to the consensus estimate of $49.79 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. As a group, analysts anticipate that Getty Realty Corp. will post 2.23 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.15%. This is a boost from Getty Realty's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. Getty Realty's dividend payout ratio (DPR) is currently 160.68%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. 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 research report on Monday, October 21st. JPMorgan Chase & Co. raised their target price on Getty Realty from $31.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. Finally, KeyCorp raised shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price target for the company in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.75.

Getty Realty Profile