Tudor Investment Corp ET AL Sells 24,094 Shares of Getty Realty Corporation $GTY

Tudor Investment Corp ET AL decreased its stake in shares of Getty Realty Corporation (NYSE:GTY) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 301,429 shares of the real estate investment trust’s stock after selling 24,094 shares during the period. Tudor Investment Corp ET AL owned 0.52% of Getty Realty worth $8,087,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CIBC Private Wealth Group LLC bought a new stake in shares of Getty Realty during the 3rd quarter worth about $58,000. CIBC Bancorp USA Inc. bought a new stake in Getty Realty in the 3rd quarter valued at about $209,000. Advisory Services Network LLC bought a new stake in Getty Realty in the 3rd quarter valued at about $56,000. CANADA LIFE ASSURANCE Co boosted its holdings in Getty Realty by 7.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 125,785 shares of the real estate investment trust’s stock valued at $3,325,000 after purchasing an additional 9,189 shares during the period. Finally, Caxton Associates LLP boosted its holdings in Getty Realty by 110.2% in the 3rd quarter. Caxton Associates LLP now owns 36,027 shares of the real estate investment trust’s stock valued at $967,000 after purchasing an additional 18,887 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $32.58 on Tuesday. The company has a 50 day moving average of $32.13 and a 200-day moving average of $29.35. Getty Realty Corporation has a 1-year low of $25.39 and a 1-year high of $34.14. 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 company has a market cap of $1.95 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results 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. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The company had revenue of $60.55 million during the quarter, compared to the consensus estimate of $55.94 million. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities research analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GTY. Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a report on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Finally, UBS Group boosted their price objective on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Getty Realty currently has a consensus rating of “Hold” and a consensus target price of $32.20.

Getty Realty Company 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.