MetLife Investment Management LLC Purchases 1,804 Shares of Getty Realty Corp. (NYSE:GTY)

MetLife Investment Management LLC boosted its position in Getty Realty Corp. (NYSE:GTY) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,702 shares of the real estate investment trust’s stock after purchasing an additional 1,804 shares during the quarter. MetLife Investment Management LLC’s holdings in Getty Realty were worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GTY. Geode Capital Management LLC boosted its position in shares of 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 valued at $39,095,000 after acquiring an additional 17,618 shares during the period. JPMorgan Chase & Co. boosted its holdings in Getty Realty by 33.9% in the 4th quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust’s stock valued at $8,361,000 after purchasing an additional 70,327 shares during the period. Barclays PLC grew its position 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 in the last quarter. abrdn plc increased its holdings in shares of Getty Realty by 30.6% during the fourth 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, Vanguard Group Inc. raised its position in shares of Getty Realty by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust’s stock valued at $236,937,000 after buying an additional 48,491 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GTY. JMP Securities reissued a “market outperform” rating and set a $34.00 price target on shares of Getty Realty in a research report on Friday, January 10th. Robert W. Baird decreased their price target on Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group started coverage on shares of Getty Realty in a research report on Friday, March 28th. They set a “neutral” rating and a $32.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

Getty Realty Trading Down 0.2 %

Shares of GTY opened at $28.09 on Friday. 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 Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 22.29 and a beta of 0.85. The business’s fifty day moving average is $29.65 and its 200-day moving average is $30.72.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. The firm had revenue of $52.33 million for the quarter, compared to analysts’ expectations of $52.71 million. Equities analysts anticipate that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be given a $0.47 dividend. The ex-dividend date is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a yield of 6.69%. Getty Realty’s dividend payout ratio is currently 155.37%.

Getty Realty Company Profile