Short Interest in Getty Realty Corp. (NYSE:GTY) Expands By 8.2%

Getty Realty Corp. (NYSE:GTY) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 2,110,000 shares, an increase of 8.2% from the May 31st total of 1,950,000 shares. Based on an average daily volume of 237,300 shares, the days-to-cover ratio is currently 8.9 days.

Getty Realty Stock Up 0.5 %

Shares of NYSE:GTY opened at $26.71 on Thursday. Getty Realty has a 52-week low of $25.70 and a 52-week high of $34.38. The firm has a fifty day moving average of $27.26 and a 200 day moving average of $27.48. The firm has a market capitalization of $1.44 billion, a PE ratio of 22.83 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.37 and a current ratio of 3.37.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. The business had revenue of $48.97 million for the quarter, compared to analysts’ expectations of $46.63 million. During the same quarter in the previous year, the company earned $0.56 earnings per share. As a group, research analysts anticipate that Getty Realty will post 2.31 EPS for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 27th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.80 annualized dividend and a yield of 6.74%. Getty Realty’s payout ratio is 153.85%.

Institutional Trading of Getty Realty

Several institutional investors have recently added to or reduced their stakes in GTY. Baystate Wealth Management LLC purchased a new stake in shares of Getty Realty during the fourth quarter worth about $29,000. Quadrant Capital Group LLC boosted its holdings in shares of Getty Realty by 67.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,836 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,144 shares during the period. SYSTM Wealth Solutions LLC boosted its holdings in shares of Getty Realty by 33.8% during the first quarter. SYSTM Wealth Solutions LLC now owns 3,195 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 807 shares during the period. Rocky Mountain Advisers LLC purchased a new stake in shares of Getty Realty during the fourth quarter worth about $105,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Getty Realty by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 6,690 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,440 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GTY shares. StockNews.com raised shares of Getty Realty from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price target on shares of Getty Realty in a report on Monday, March 25th.

About Getty Realty