Wells Fargo & Company MN Boosts Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Wells Fargo & Company MN raised its holdings in Getty Realty Corp. (NYSE:GTY) by 0.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 369,419 shares of the real estate investment trust’s stock after purchasing an additional 1,231 shares during the quarter. Wells Fargo & Company MN’s holdings in Getty Realty were worth $11,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in shares of Getty Realty by 149.1% in the third quarter. Jane Street Group LLC now owns 96,423 shares of the real estate investment trust’s stock valued at $3,067,000 after buying an additional 57,712 shares in the last quarter. Barclays PLC boosted its position in shares of Getty Realty by 409.6% during the 3rd quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust’s stock worth $3,281,000 after purchasing an additional 82,887 shares in the last quarter. abrdn plc grew its stake in shares of Getty Realty by 30.6% during the 4th quarter. abrdn plc now owns 12,692 shares of the real estate investment trust’s stock worth $380,000 after purchasing an additional 2,975 shares during the period. Geode Capital Management LLC increased its holdings in shares of Getty Realty by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock valued at $40,713,000 after purchasing an additional 16,252 shares in the last quarter. Finally, FMR LLC boosted its holdings in Getty Realty by 80.1% during the third quarter. FMR LLC now owns 4,201 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,869 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GTY. JMP Securities restated a “market outperform” rating and issued a $34.00 price target on shares of Getty Realty in a report on Friday, January 10th. KeyCorp raised shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a research note on Tuesday, December 17th. Finally, UBS Group assumed coverage on Getty Realty in a research note on Friday, March 28th. They issued a “neutral” rating and a $32.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.60.

Getty Realty Stock Up 0.2 %

GTY stock opened at $28.62 on Wednesday. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The stock has a market capitalization of $1.58 billion, a P/E ratio of 22.72 and a beta of 0.85. The company has a 50 day moving average price of $30.26 and a two-hundred day moving average price of $30.98. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. As a group, sell-side analysts expect that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a $0.47 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.57%. Getty Realty’s payout ratio is 149.21%.

Getty Realty Company Profile