Getty Realty Corp. (NYSE:GTY) Stock Position Increased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its position in Getty Realty Corp. (NYSE:GTY) by 35.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,470 shares of the real estate investment trust’s stock after purchasing an additional 17,419 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.12% of Getty Realty worth $2,003,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in Getty Realty by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust’s stock worth $1,904,000 after purchasing an additional 391 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Getty Realty by 1.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust’s stock worth $738,000 after acquiring an additional 400 shares during the period. American Century Companies Inc. boosted its holdings in shares of Getty Realty by 3.4% in the fourth quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust’s stock valued at $489,000 after acquiring an additional 533 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 592 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in Getty Realty by 8.2% during the fourth quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 622 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Performance

Shares of NYSE GTY opened at $28.03 on Tuesday. The stock’s fifty day simple moving average is $29.59 and its 200 day simple moving average is $30.68. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 22.25 and a beta of 0.83. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, hitting 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. As a group, sell-side analysts forecast that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors 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 annualized dividend and a dividend yield of 6.71%. Getty Realty’s dividend payout ratio (DPR) is presently 155.37%.

Analysts Set New Price Targets

GTY has been the topic of several research analyst reports. UBS Group assumed coverage on Getty Realty in a research report on Friday, March 28th. They set a “neutral” rating and a $32.00 price target on the stock. Robert W. Baird dropped 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, April 24th. Finally, JMP Securities restated a “market outperform” rating and set a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.33.

About Getty Realty