Kayne Anderson Rudnick Investment Management LLC Has $85.96 Million Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Getty Realty Corp. (NYSE:GTY) by 0.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,224,129 shares of the real estate investment trust’s stock after buying an additional 3,293 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 5.97% of Getty Realty worth $85,955,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GTY. Rothschild Investment LLC bought a new position in shares of Getty Realty in the second quarter worth about $81,000. Quadrant Capital Group LLC raised its position in Getty Realty by 67.6% in the 4th 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 last quarter. SYSTM Wealth Solutions LLC lifted its holdings in Getty Realty by 33.8% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 3,195 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 807 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Getty Realty by 23.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,121 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 1,362 shares during the last quarter. Finally, Chilton Capital Management LLC boosted its position in Getty Realty by 10.4% in the 1st quarter. Chilton Capital Management LLC now owns 7,212 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 680 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Performance

GTY stock opened at $31.98 on Friday. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $32.87. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.88. The company has a market cap of $1.73 billion, a P/E ratio of 27.33 and a beta of 0.92. The business’s fifty day moving average is $31.11 and its 200-day moving average is $28.53.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.27). The company had revenue of $49.94 million during the quarter, compared to analyst estimates of $48.51 million. Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. During the same period in the previous year, the company posted $0.56 EPS. Equities research analysts forecast that Getty Realty Corp. will post 2.2 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.80 annualized dividend and a dividend yield of 5.63%. Getty Realty’s payout ratio is currently 153.85%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday. JMP Securities boosted their price objective on Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th.

About Getty Realty