Price T Rowe Associates Inc. MD Increases Holdings in Getty Realty Corp. (NYSE:GTY)

Price T Rowe Associates Inc. MD increased its position in shares of Getty Realty Corp. (NYSE:GTY) by 9.6% in the fourth quarter, HoldingsChannel reports. The firm owned 39,200 shares of the real estate investment trust’s stock after acquiring an additional 3,436 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Getty Realty were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Getty Realty by 1.4% in the 4th 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 last quarter. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 70,327 shares during the last quarter. Barclays PLC grew its position in 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 period. abrdn plc raised 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 valued at $380,000 after buying an additional 2,975 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Getty Realty by 0.6% in the 4th 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 during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Price Performance

Shares of NYSE GTY opened at $28.60 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. The firm has a market cap of $1.59 billion, a PE ratio of 22.70 and a beta of 0.83. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The firm has a fifty day moving average of $29.35 and a 200 day moving average of $30.59.

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

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a dividend yield of 6.57%. Getty Realty’s dividend payout ratio (DPR) is presently 155.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GTY shares. UBS Group started coverage on Getty Realty in a research report on Friday, March 28th. They set a “neutral” rating and a $32.00 price target for the company. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a report on Friday, January 10th. KeyCorp dropped their price target on shares of Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird decreased their price objective on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Getty Realty presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Getty Realty Company Profile