Deutsche Bank AG grew its holdings in Getty Realty Corp. (NYSE:GTY) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,490 shares of the real estate investment trust’s stock after acquiring an additional 377 shares during the period. Deutsche Bank AG owned about 0.29% of Getty Realty worth $3,482,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Getty Realty by 5.0% in the 3rd quarter. Wells Fargo & Company MN now owns 52,494 shares of the real estate investment trust’s stock worth $1,499,000 after purchasing an additional 2,487 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Getty Realty by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 535,225 shares of the real estate investment trust’s stock worth $15,287,000 after purchasing an additional 8,943 shares during the period. Martingale Asset Management L P raised its holdings in Getty Realty by 38.7% during the 3rd quarter. Martingale Asset Management L P now owns 109,760 shares of the real estate investment trust’s stock valued at $3,135,000 after acquiring an additional 30,602 shares during the period. Dimensional Fund Advisors LP raised its holdings in Getty Realty by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 509,769 shares of the real estate investment trust’s stock valued at $14,558,000 after acquiring an additional 7,850 shares during the period. Finally, MetLife Investment Advisors LLC raised its holdings in Getty Realty by 58.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 21,284 shares of the real estate investment trust’s stock valued at $608,000 after acquiring an additional 7,835 shares during the period. 64.32% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut shares of Getty Realty from a “hold” rating to a “sell” rating in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Getty Realty currently has an average rating of “Buy” and an average price target of $30.75.
GTY stock remained flat at $$32.03 during midday trading on Wednesday. 108,800 shares of the company’s stock were exchanged, compared to its average volume of 115,941. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.70 and a quick ratio of 1.70. Getty Realty Corp. has a 1-year low of $25.02 and a 1-year high of $35.03. The company has a market cap of $1.30 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 6.41 and a beta of 0.59.
Getty Realty (NYSE:GTY) last issued its earnings results on Tuesday, February 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.16). Getty Realty had a net margin of 35.21% and a return on equity of 8.56%. The business had revenue of $29.45 million for the quarter, compared to the consensus estimate of $30.05 million. As a group, analysts forecast that Getty Realty Corp. will post 1.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 20th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, June 19th. This represents a $1.40 dividend on an annualized basis and a yield of 4.37%. Getty Realty’s payout ratio is 81.87%.
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