Creative Planning Invests $291,000 in Getty Realty Corp. (NYSE:GTY)

Creative Planning purchased a new position in Getty Realty Corp. (NYSE:GTY) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,920 shares of the real estate investment trust’s stock, valued at approximately $291,000.

Several other hedge funds have also recently bought and sold shares of GTY. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Getty Realty in the second quarter valued at $29,000. Point72 Hong Kong Ltd purchased a new position in Getty Realty during the 2nd quarter valued at about $30,000. Rothschild Investment LLC acquired a new position in Getty Realty during the second quarter worth about $81,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Getty Realty by 23.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,121 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 1,362 shares in the last quarter. Finally, Chilton Capital Management LLC lifted its holdings in shares of Getty Realty by 10.4% in the first quarter. Chilton Capital Management LLC now owns 7,212 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 680 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

Shares of NYSE GTY opened at $31.85 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.22 and a quick ratio of 3.22. The company has a market cap of $1.72 billion, a PE ratio of 27.22 and a beta of 0.92. The company has a 50-day simple moving average of $31.49 and a 200-day simple moving average of $29.13. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $32.87.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a return on equity of 6.98% and a net margin of 33.49%. The firm had revenue of $49.94 million during the quarter, compared to analysts’ expectations of $48.51 million. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, equities analysts anticipate that Getty Realty Corp. will post 2.22 earnings per share for the current year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.80 annualized dividend and a yield of 5.65%. Getty Realty’s dividend payout ratio (DPR) is presently 153.85%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. JMP Securities boosted their price target on Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th.

Getty Realty Company Profile