24,500 Shares in Getty Realty Corporation $GTY Bought by Pensionfund Sabic

Pensionfund Sabic purchased a new stake in Getty Realty Corporation (NYSE:GTY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,500 shares of the real estate investment trust’s stock, valued at approximately $671,000.

Several other institutional investors have also added to or reduced their stakes in GTY. Aster Capital Management DIFC Ltd acquired a new position in shares of Getty Realty during the third quarter valued at about $27,000. Advisors Asset Management Inc. acquired a new position in shares of Getty Realty in the 1st quarter valued at $31,000. EverSource Wealth Advisors LLC raised its position in shares of Getty Realty by 3,996.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,159 shares during the period. Farther Finance Advisors LLC boosted its position in Getty Realty by 288.6% during the third quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Getty Realty in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Price Performance

NYSE:GTY opened at $32.19 on Thursday. Getty Realty Corporation has a one year low of $25.39 and a one year high of $34.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $1.93 billion, a PE ratio of 24.02, a P/E/G ratio of 2.39 and a beta of 0.82. The stock has a 50 day moving average price of $31.73 and a 200 day moving average price of $29.12.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $60.55 million for the quarter, compared to analyst estimates of $55.94 million. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts expect that Getty Realty Corporation will post 2.29 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 6.0%. Getty Realty’s dividend payout ratio is currently 144.78%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target 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 reiterated a “hold (c)” rating on shares of Getty Realty in a research report on Thursday, January 22nd. Finally, UBS Group raised their price target on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.20.

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.