GSA Capital Partners LLP Invests $791,000 in Getty Realty Corp. (GTY) Stock
GSA Capital Partners LLP bought a new stake in Getty Realty Corp. (NYSE:GTY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,647 shares of the real estate investment trust’s stock, valued at approximately $791,000. GSA Capital Partners LLP owned 0.07% of Getty Realty at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Getty Realty in the third quarter valued at about $158,000. Municipal Employees Retirement System of Michigan boosted its position in shares of Getty Realty by 6.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,368 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 370 shares during the period. D.A. Davidson & CO. boosted its position in shares of Getty Realty by 2.4% during the second quarter. D.A. Davidson & CO. now owns 7,755 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 180 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Getty Realty during the third quarter worth about $204,000. Finally, Nine Chapters Capital Management LLC acquired a new position in shares of Getty Realty during the third quarter worth about $235,000. 61.16% of the stock is owned by hedge funds and other institutional investors.
GTY has been the subject of several recent research reports. ValuEngine raised Getty Realty from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut Getty Realty from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Bank of America initiated coverage on Getty Realty in a research report on Wednesday, September 6th. They set a “buy” rating and a $30.00 price objective for the company. Finally, KeyCorp initiated coverage on Getty Realty in a research report on Tuesday, December 12th. They set a “sector weight” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Getty Realty has a consensus rating of “Buy” and an average target price of $28.75.
Getty Realty Corp. (NYSE:GTY) opened at $27.03 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1,070.00, a PE ratio of 23.30, a PEG ratio of 5.89 and a beta of 0.54. Getty Realty Corp. has a 52-week low of $22.91 and a 52-week high of $29.89.
Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.21). Getty Realty had a return on equity of 9.62% and a net margin of 36.66%. The firm had revenue of $29.50 million for the quarter, compared to analyst estimates of $27.35 million. During the same period in the prior year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. research analysts anticipate that Getty Realty Corp. will post 1.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.74%. The ex-dividend date is Wednesday, December 20th. This is a positive change from Getty Realty’s previous quarterly dividend of $0.28. Getty Realty’s dividend payout ratio is presently 110.34%.
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About Getty Realty
Getty Realty Corp. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties. As of June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.
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