Pensionfund PDN Makes New Investment in Getty Realty Corporation $GTY

Pensionfund PDN bought a new position in Getty Realty Corporation (NYSE:GTY) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 43,000 shares of the real estate investment trust’s stock, valued at approximately $1,177,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in shares of Getty Realty during the first quarter valued at about $31,000. Aster Capital Management DIFC Ltd bought a new stake in Getty Realty in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC grew its position in Getty Realty by 3,996.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,159 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Getty Realty in the 2nd quarter valued at about $38,000. Finally, Farther Finance Advisors LLC increased its stake in Getty Realty by 288.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,013 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GTY shares. Royal Bank Of Canada boosted their target price on Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a research report on Thursday, January 22nd. Finally, UBS Group lifted their price target on Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.20.

Getty Realty Price Performance

Shares of NYSE GTY opened at $32.20 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $31.62 and a two-hundred day simple moving average of $29.08. Getty Realty Corporation has a 1-year low of $25.39 and a 1-year high of $34.14. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 2.38 and a beta of 0.82.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The firm had revenue of $60.55 million for the quarter, compared to analyst estimates of $55.94 million. The firm’s revenue was up 14.2% on a year-over-year basis. Analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $1.94 annualized dividend and a yield of 6.0%. Getty Realty’s dividend payout ratio (DPR) is 144.78%.

Getty Realty Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.