Getty Realty Corp. (NYSE:GTY) Stake Raised by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 101.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,900 shares of the real estate investment trust’s stock after buying an additional 47,248 shares during the period. AQR Capital Management LLC owned approximately 0.17% of Getty Realty worth $2,503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dean Capital Management increased its stake in Getty Realty by 51.0% during the 4th quarter. Dean Capital Management now owns 38,375 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 12,959 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Getty Realty by 15.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 55,044 shares of the real estate investment trust’s stock valued at $1,609,000 after acquiring an additional 7,377 shares in the last quarter. Congress Asset Management Co. MA increased its stake in shares of Getty Realty by 0.4% during the fourth quarter. Congress Asset Management Co. MA now owns 148,137 shares of the real estate investment trust’s stock valued at $4,329,000 after acquiring an additional 534 shares during the period. Vanguard Group Inc. raised its holdings 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 worth $219,622,000 after purchasing an additional 220,049 shares in the last quarter. Finally, Pensionfund DSM Netherlands lifted its position in Getty Realty by 65.6% in the first quarter. Pensionfund DSM Netherlands now owns 53,000 shares of the real estate investment trust’s stock worth $1,450,000 after purchasing an additional 21,000 shares during the period. 85.11% of the stock is owned by institutional investors.

Getty Realty Price Performance

NYSE GTY opened at $30.93 on Wednesday. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $32.87. The business’s fifty day moving average is $31.31 and its two-hundred day moving average is $28.92. The stock has a market capitalization of $1.67 billion, a P/E ratio of 26.44 and a beta of 0.92. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.22 and a current ratio of 3.22.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Getty Realty had a return on equity of 6.98% and a net margin of 33.49%. The company had revenue of $49.94 million for the quarter, compared to analyst estimates of $48.51 million. During the same period last year, the firm earned $0.56 earnings per share. On average, research analysts forecast that Getty Realty Corp. will post 2.2 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Thursday, September 26th. Getty Realty’s dividend payout ratio is presently 153.85%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GTY. JMP Securities lifted their price target on Getty Realty from $31.50 to $33.00 and gave the company a “market outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th.

Getty Realty Profile