Guggenheim Capital LLC Grows Stake in Getty Realty Corp. (NYSE:GTY)

Guggenheim Capital LLC raised its stake in Getty Realty Corp. (NYSE:GTY) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,247 shares of the real estate investment trust’s stock after purchasing an additional 622 shares during the quarter. Guggenheim Capital LLC’s holdings in Getty Realty were worth $248,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in GTY. Barclays PLC increased its position in shares of Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust’s stock worth $3,281,000 after acquiring an additional 82,887 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Getty Realty during the third quarter worth about $140,000. JPMorgan Chase & Co. increased its position in shares of Getty Realty by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 207,173 shares of the real estate investment trust’s stock worth $6,590,000 after acquiring an additional 4,243 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 592 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Getty Realty during the fourth quarter worth about $136,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

Shares of GTY stock opened at $27.78 on Tuesday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average of $29.86 and a two-hundred day moving average of $30.80. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85. The company has a market cap of $1.53 billion, a P/E ratio of 22.05 and a beta of 0.85.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. The company had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.71 million. As a group, analysts anticipate that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty’s dividend payout ratio (DPR) is 155.37%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group assumed coverage on Getty Realty in a report on Friday, March 28th. They issued a “neutral” rating and a $32.00 price objective for the company. JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. Finally, Robert W. Baird lowered their price objective on Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Getty Realty presently has an average rating of “Moderate Buy” and an average target price of $33.33.

About Getty Realty