Russell Investments Group Ltd. Lowers Position in Getty Realty Corp. (NYSE:GTY)

Russell Investments Group Ltd. lessened its stake in Getty Realty Corp. (NYSE:GTYGet Rating) by 15.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 143,169 shares of the real estate investment trust’s stock after selling 27,133 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.31% of Getty Realty worth $4,095,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Getty Realty during the fourth quarter valued at $1,248,000. State of New Jersey Common Pension Fund D raised its stake in Getty Realty by 4.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 88,796 shares of the real estate investment trust’s stock valued at $2,849,000 after purchasing an additional 3,811 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in Getty Realty during the fourth quarter valued at $1,161,000. Qube Research & Technologies Ltd raised its stake in Getty Realty by 75.8% during the fourth quarter. Qube Research & Technologies Ltd now owns 39,298 shares of the real estate investment trust’s stock valued at $1,261,000 after purchasing an additional 16,945 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Getty Realty by 25.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,969 shares of the real estate investment trust’s stock valued at $416,000 after purchasing an additional 2,594 shares in the last quarter. Hedge funds and other institutional investors own 71.77% of the company’s stock.

Getty Realty Trading Up 1.0 %

NYSE GTY opened at $29.74 on Friday. The company’s 50-day moving average price is $27.28 and its 200-day moving average price is $27.68. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.82. The stock has a market cap of $1.39 billion, a PE ratio of 17.39, a PEG ratio of 2.50 and a beta of 0.84. Getty Realty Corp. has a 12 month low of $24.66 and a 12 month high of $33.35.

Getty Realty (NYSE:GTYGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.38. Getty Realty had a net margin of 50.94% and a return on equity of 11.05%. During the same period in the previous year, the firm earned $0.49 EPS. Equities research analysts forecast that Getty Realty Corp. will post 2.07 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, September 22nd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date is Wednesday, September 21st. Getty Realty’s payout ratio is presently 95.91%.

Analyst Ratings Changes

A number of research firms recently issued reports on GTY. JMP Securities began coverage on shares of Getty Realty in a research note on Tuesday, May 10th. They set an “outperform” rating and a $32.00 price target on the stock. StockNews.com raised shares of Getty Realty from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Finally, Royal Bank of Canada increased their target price on shares of Getty Realty from $27.00 to $30.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.75.

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