Two Sigma Advisers LP reduced its holdings in Getty Realty Co. (NYSE:GTY) by 38.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,454 shares of the real estate investment trust’s stock after selling 109,640 shares during the quarter. Two Sigma Advisers LP owned about 0.44% of Getty Realty worth $4,738,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of GTY. BlackRock Inc. increased its position in Getty Realty by 5.5% during the fourth quarter. BlackRock Inc. now owns 4,955,781 shares of the real estate investment trust’s stock worth $134,597,000 after buying an additional 257,553 shares in the last quarter. Renaissance Technologies LLC grew its position in Getty Realty by 23.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,859,912 shares of the real estate investment trust’s stock valued at $50,515,000 after acquiring an additional 354,600 shares during the period. Bank of New York Mellon Corp grew its position in Getty Realty by 7.5% during the third quarter. Bank of New York Mellon Corp now owns 725,249 shares of the real estate investment trust’s stock valued at $20,749,000 after acquiring an additional 50,896 shares during the period. JPMorgan Chase & Co. grew its position in Getty Realty by 89.7% during the third quarter. JPMorgan Chase & Co. now owns 608,510 shares of the real estate investment trust’s stock valued at $17,525,000 after acquiring an additional 287,813 shares during the period. Finally, Ingalls & Snyder LLC acquired a new position in shares of Getty Realty during the fourth quarter worth about $13,761,000. 65.00% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have commented on GTY shares. ValuEngine upgraded Getty Realty from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded Getty Realty from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $31.67.
Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.12). The business had revenue of $28.16 million during the quarter, compared to the consensus estimate of $27.57 million. Getty Realty had a return on equity of 9.41% and a net margin of 39.27%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. analysts predict that Getty Realty Co. will post 1.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd were given a $0.32 dividend. The ex-dividend date was Wednesday, March 21st. This represents a $1.28 dividend on an annualized basis and a yield of 5.20%. Getty Realty’s dividend payout ratio (DPR) is 77.11%.
About Getty Realty
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