Sumitomo Mitsui DS Asset Management Company Ltd Invests $204,000 in Getty Realty Corp. (NYSE:GTY)

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Getty Realty Corp. (NYSE:GTY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,971 shares of the real estate investment trust’s stock, valued at approximately $204,000.

Other institutional investors have also added to or reduced their stakes in the company. Baystate Wealth Management LLC acquired a new position in shares of Getty Realty during the 4th quarter worth $29,000. Rocky Mountain Advisers LLC bought a new position in shares of Getty Realty in the fourth quarter worth about $105,000. Everence Capital Management Inc. acquired a new stake in shares of Getty Realty in the 4th quarter valued at approximately $245,000. abrdn plc grew its holdings in shares of Getty Realty by 8.4% during the 3rd quarter. abrdn plc now owns 9,067 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 704 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Getty Realty by 16.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 10,230 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 1,469 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on GTY shares. JMP Securities restated a “market outperform” rating and issued a $33.00 target price on shares of Getty Realty in a research report on Monday, March 25th. StockNews.com upgraded Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday.

Getty Realty Trading Down 1.2 %

GTY opened at $27.05 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.73 and a quick ratio of 3.73. Getty Realty Corp. has a fifty-two week low of $25.90 and a fifty-two week high of $35.56. The company’s 50 day moving average price is $26.89 and its two-hundred day moving average price is $27.81. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 23.52 and a beta of 0.89.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, February 14th. 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 business had revenue of $45.62 million during the quarter, compared to the consensus estimate of $47.19 million. Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. As a group, research analysts predict that Getty Realty Corp. will post 2.31 earnings per share for the current year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.65%. Getty Realty’s dividend payout ratio (DPR) is 156.52%.

Getty Realty Profile