Allspring Global Investments Holdings LLC Increases Stake in Getty Realty Corp. (NYSE:GTY)

Allspring Global Investments Holdings LLC boosted its stake in shares of Getty Realty Corp. (NYSE:GTY) by 23.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,121 shares of the real estate investment trust’s stock after purchasing an additional 1,362 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Getty Realty were worth $195,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Getty Realty by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 7,516,139 shares of the real estate investment trust’s stock valued at $219,622,000 after buying an additional 220,049 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Getty Realty by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 729,032 shares of the real estate investment trust’s stock valued at $21,302,000 after acquiring an additional 54,040 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Getty Realty by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 691,157 shares of the real estate investment trust’s stock worth $20,196,000 after purchasing an additional 43,073 shares during the period. Natixis Advisors L.P. increased its holdings in Getty Realty by 42.5% in the 4th quarter. Natixis Advisors L.P. now owns 507,337 shares of the real estate investment trust’s stock valued at $14,824,000 after purchasing an additional 151,256 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Getty Realty by 10.4% in the fourth quarter. Wells Fargo & Company MN now owns 361,951 shares of the real estate investment trust’s stock valued at $10,576,000 after purchasing an additional 34,022 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Price Performance

NYSE GTY opened at $28.28 on Friday. The company has a 50-day moving average price of $27.25 and a two-hundred day moving average price of $27.39. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 24.17 and a beta of 0.90. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.84. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $34.38.

Getty Realty (NYSE:GTY) last announced its earnings results on Friday, April 26th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). The firm had revenue of $48.97 million for the quarter, compared to the consensus estimate of $46.63 million. Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. During the same period in the previous year, the firm earned $0.56 EPS. Analysts forecast that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Thursday, June 27th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.80 annualized dividend and a yield of 6.36%. Getty Realty’s dividend payout ratio is currently 153.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GTY shares. StockNews.com raised Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. JMP Securities reiterated a “market outperform” rating and issued a $33.00 price target on shares of Getty Realty in a report on Monday, March 25th.

Getty Realty Company Profile