abrdn plc Has $258,000 Stake in Getty Realty Corp. (NYSE:GTY)

abrdn plc lifted its holdings in shares of Getty Realty Corp. (NYSE:GTYGet Rating) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,036 shares of the real estate investment trust’s stock after buying an additional 472 shares during the quarter. abrdn plc’s holdings in Getty Realty were worth $258,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Invesco Ltd. grew its position in shares of Getty Realty by 76.4% during the 4th quarter. Invesco Ltd. now owns 785,740 shares of the real estate investment trust’s stock worth $25,213,000 after buying an additional 340,352 shares during the period. JPMorgan Chase & Co. grew its holdings in Getty Realty by 11.2% during the fourth quarter. JPMorgan Chase & Co. now owns 666,820 shares of the real estate investment trust’s stock valued at $21,398,000 after purchasing an additional 67,336 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Getty Realty by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,725 shares of the real estate investment trust’s stock valued at $19,760,000 after purchasing an additional 1,968 shares during the period. Exchange Traded Concepts LLC grew its holdings in Getty Realty by 17.6% during the first quarter. Exchange Traded Concepts LLC now owns 183,616 shares of the real estate investment trust’s stock valued at $5,255,000 after purchasing an additional 27,460 shares during the period. Finally, Hill Winds Capital LP grew its holdings in Getty Realty by 63.6% during the fourth quarter. Hill Winds Capital LP now owns 180,000 shares of the real estate investment trust’s stock valued at $5,776,000 after purchasing an additional 70,000 shares during the period. Institutional investors and hedge funds own 71.77% of the company’s stock.

Getty Realty Stock Performance

Shares of GTY opened at $28.96 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.16 and a current ratio of 2.16. Getty Realty Corp. has a twelve month low of $24.66 and a twelve month high of $33.35. The firm’s 50 day moving average price is $27.12 and its two-hundred day moving average price is $27.72. The firm has a market cap of $1.35 billion, a P/E ratio of 16.94, a PEG ratio of 2.25 and a beta of 0.84.

Getty Realty (NYSE:GTYGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.38. Getty Realty had a net margin of 50.94% and a return on equity of 11.05%. During the same period last year, the company earned $0.49 EPS. On average, analysts forecast that Getty Realty Corp. will post 2.07 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend is Wednesday, September 21st. Getty Realty’s payout ratio is currently 95.91%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GTY shares. StockNews.com upgraded shares of Getty Realty from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. JMP Securities started coverage on shares of Getty Realty in a report on Tuesday, May 10th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, Royal Bank of Canada restated a “maintains” rating on shares of Getty Realty in a report on Tuesday. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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