Teachers Retirement System of The State of Kentucky Acquires 7,377 Shares of Getty Realty Corp. (NYSE:GTY)

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 15.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 55,044 shares of the real estate investment trust’s stock after purchasing an additional 7,377 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.10% of Getty Realty worth $1,609,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GTY. Wells Fargo & Company MN boosted its holdings in Getty Realty by 10.4% in the fourth quarter. Wells Fargo & Company MN now owns 361,951 shares of the real estate investment trust’s stock valued at $10,576,000 after acquiring an additional 34,022 shares during the last quarter. GraniteShares Advisors LLC bought a new position in Getty Realty in the fourth quarter valued at about $1,473,000. Lighthouse Investment Partners LLC bought a new position in Getty Realty in the fourth quarter valued at about $8,328,000. Invesco Ltd. boosted its holdings in Getty Realty by 11.4% in the third quarter. Invesco Ltd. now owns 460,215 shares of the real estate investment trust’s stock valued at $12,762,000 after acquiring an additional 47,192 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. boosted its holdings in Getty Realty by 116.2% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 23,214 shares of the real estate investment trust’s stock valued at $678,000 after acquiring an additional 12,478 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Trading Down 0.2 %

NYSE:GTY opened at $26.42 on Friday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 22.58 and a beta of 0.89. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average price is $27.30 and its two-hundred day moving average price is $27.63. Getty Realty Corp. has a 1-year low of $25.90 and a 1-year high of $34.52.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The business had revenue of $48.97 million for the quarter, compared to analyst estimates of $46.63 million. Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. During the same period in the prior year, the business earned $0.56 EPS. On average, equities analysts expect that Getty Realty Corp. will post 2.31 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 27th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.81%. Getty Realty’s payout ratio is presently 153.85%.

Wall Street Analyst Weigh In

GTY has been the topic of several recent research reports. StockNews.com upgraded Getty Realty from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. JMP Securities reissued a “market outperform” rating and issued a $33.00 target price on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Company Profile