Peregrine Capital Management LLC acquired a new stake in Getty Realty Corp. (NYSE:GTY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 158,610 shares of the real estate investment trust’s stock, valued at approximately $4,708,000. Peregrine Capital Management LLC owned approximately 0.38% of Getty Realty at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Denali Advisors LLC purchased a new stake in Getty Realty in the 1st quarter valued at approximately $97,000. Meeder Asset Management Inc. purchased a new stake in Getty Realty in the 1st quarter valued at approximately $106,000. US Bancorp DE boosted its holdings in Getty Realty by 102.5% in the 1st quarter. US Bancorp DE now owns 6,693 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 3,388 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Getty Realty by 17.2% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,881 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in Getty Realty in the 1st quarter valued at approximately $222,000. 65.54% of the stock is currently owned by institutional investors.
Shares of NYSE:GTY opened at $29.63 on Friday. The business’s 50 day simple moving average is $29.82 and its 200-day simple moving average is $28.00. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.73 and a quick ratio of 1.73. Getty Realty Corp. has a 12 month low of $16.36 and a 12 month high of $33.75.
Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). Getty Realty had a return on equity of 8.37% and a net margin of 34.05%. The company had revenue of $36.34 million for the quarter, compared to analyst estimates of $34.23 million. On average, equities analysts anticipate that Getty Realty Corp. will post 1.82 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $1.48 annualized dividend and a dividend yield of 4.99%. Getty Realty’s dividend payout ratio is currently 86.05%.
A number of brokerages have weighed in on GTY. Zacks Investment Research lowered Getty Realty from a “buy” rating to a “hold” rating in a report on Tuesday, July 28th. TheStreet raised Getty Realty from a “c+” rating to a “b” rating in a research note on Thursday, June 18th. Finally, JMP Securities initiated coverage on Getty Realty in a research note on Monday, June 8th. They set an “outperform” rating and a $37.00 price target on the stock.
Getty Realty Company Profile
Further Reading: How is the discount rate different from the Federal Funds rate?
Want to see what other hedge funds are holding GTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Getty Realty Corp. (NYSE:GTY).
Receive News & Ratings for Getty Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Realty and related companies with MarketBeat.com's FREE daily email newsletter.