Bank of Montreal Can cut its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,428 shares of the real estate investment trust’s stock after selling 4,214 shares during the period. Bank of Montreal Can owned approximately 0.22% of Getty Realty worth $2,751,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Eii Capital Management Inc. acquired a new stake in Getty Realty during the second quarter valued at approximately $141,000. Russell Investments Group Ltd. acquired a new stake in shares of Getty Realty during the second quarter valued at approximately $163,000. Nisa Investment Advisors LLC raised its holdings in shares of Getty Realty by 41.9% during the second quarter. Nisa Investment Advisors LLC now owns 5,431 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 1,603 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Getty Realty by 16.0% during the second quarter. Daiwa Securities Group Inc. now owns 5,804 shares of the real estate investment trust’s stock valued at $179,000 after acquiring an additional 800 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Getty Realty by 13.4% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,879 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 812 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.
GTY stock opened at $32.62 on Friday. Getty Realty Corp. has a 52-week low of $26.50 and a 52-week high of $35.03. The company’s 50 day simple moving average is $30.62 and its 200-day simple moving average is $31.55. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market capitalization of $1.31 billion, a P/E ratio of 19.08, a P/E/G ratio of 6.11 and a beta of 0.54.
Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.14). Getty Realty had a net margin of 34.95% and a return on equity of 8.38%. The firm had revenue of $33.56 million for the quarter, compared to analyst estimates of $29.72 million. Sell-side analysts predict that Getty Realty Corp. will post 1.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.29%. Getty Realty’s dividend payout ratio is currently 81.87%.
A number of equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Getty Realty from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.
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