Millennium Management LLC lowered its stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 759,199 shares of the real estate investment trust's stock after selling 44,424 shares during the quarter. Millennium Management LLC owned approximately 1.41% of Getty Realty worth $20,240,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in GTY. Norges Bank acquired a new position in Getty Realty during the 4th quarter worth $8,143,000. Lighthouse Investment Partners LLC acquired a new position in Getty Realty in the fourth quarter worth about $8,328,000. Dean Capital Management increased its holdings in Getty Realty by 51.0% in the fourth 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 last quarter. Aurora Investment Counsel raised its stake in Getty Realty by 1.3% during the fourth quarter. Aurora Investment Counsel now owns 50,005 shares of the real estate investment trust's stock valued at $1,484,000 after buying an additional 621 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Getty Realty by 15.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 55,044 shares of the real estate investment trust's stock worth $1,609,000 after buying an additional 7,377 shares during the last quarter. Institutional investors own 85.11% of the company's stock.
A number of equities research analysts have recently weighed in on GTY shares. JPMorgan Chase & Co. boosted their price target on Getty Realty from $31.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. JMP Securities increased their target price on shares of Getty Realty from $31.50 to $33.00 and gave the stock a "market outperform" rating in a report on Thursday, July 25th.
Read Our Latest Report on GTY
Shares of Getty Realty stock opened at $31.11 on Friday. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $32.87. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 26.59 and a beta of 0.92. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.88. The business's 50 day simple moving average is $31.30 and its 200-day simple moving average is $28.83.
Getty Realty (NYSE:GTY - Get Free Report) last posted 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). The company had revenue of $49.94 million during the quarter, compared to the consensus estimate of $48.51 million. Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. During the same quarter in the previous year, the business posted $0.56 earnings per share. Equities research analysts forecast that Getty Realty Corp. will post 2.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.79%. The ex-dividend date is Thursday, September 26th. Getty Realty's dividend payout ratio (DPR) is 153.85%.
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