Tudor Investment Corp ET AL Reduces Holdings in Getty Realty Corporation $GTY

Tudor Investment Corp ET AL trimmed its stake in shares of Getty Realty Corporation (NYSE:GTY) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,429 shares of the real estate investment trust’s stock after selling 24,094 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Getty Realty were worth $8,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of GTY. Amundi lifted its position in Getty Realty by 12.7% in the first quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 3,463 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty during the first quarter valued at approximately $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Getty Realty by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock worth $9,564,000 after purchasing an additional 23,370 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Getty Realty by 105.8% in the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock worth $3,533,000 after purchasing an additional 58,255 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Getty Realty by 3.3% in the second quarter. Geode Capital Management LLC now owns 1,418,927 shares of the real estate investment trust’s stock worth $39,224,000 after buying an additional 44,766 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Trading Up 0.4%

NYSE GTY opened at $32.20 on Tuesday. The stock has a market cap of $1.93 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 2.38 and a beta of 0.82. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $34.14. The stock has a 50 day simple moving average of $31.62 and a two-hundred day simple moving average of $29.08. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.20 and a current ratio of 2.20.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $60.55 million for the quarter, compared to analysts’ expectations of $55.94 million. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.Getty Realty’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, March 26th. Getty Realty’s payout ratio is presently 144.78%.

Analysts Set New Price Targets

GTY has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a report on Thursday, January 22nd. Royal Bank Of Canada raised their price target on shares of Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Finally, UBS Group boosted their price objective on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.20.

Getty Realty Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.