AQR Capital Management LLC boosted its stake in Getty Realty Corp. (NYSE:GTY) by 32.9% during the fourth quarter, Holdings Channel reports. The fund owned 147,578 shares of the real estate investment trust’s stock after buying an additional 36,567 shares during the period. AQR Capital Management LLC owned about 0.43% of Getty Realty Corp. worth $3,762,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its stake in shares of Getty Realty Corp. by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,838 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 100 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Getty Realty Corp. by 28.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 6,547 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 1,458 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new stake in shares of Getty Realty Corp. during the third quarter valued at about $200,000. Neuberger Berman Group LLC purchased a new stake in shares of Getty Realty Corp. during the third quarter valued at about $202,000. Finally, Sapphire Star Partners LP purchased a new stake in shares of Getty Realty Corp. during the fourth quarter valued at about $204,000. 56.64% of the stock is owned by institutional investors and hedge funds.
Shares of Getty Realty Corp. (NYSE:GTY) opened at 25.14 on Friday. Getty Realty Corp. has a 52 week low of $19.11 and a 52 week high of $26.71. The firm has a 50-day moving average of $25.67 and a 200 day moving average of $24.46. The company has a market cap of $869.17 million, a P/E ratio of 22.41 and a beta of 0.51.
Getty Realty Corp. (NYSE:GTY) last issued its quarterly earnings data on Wednesday, March 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.18. Getty Realty Corp. had a net margin of 43.33% and a return on equity of 12.35%. The company had revenue of $29.70 million for the quarter, compared to the consensus estimate of $24 million. During the same period last year, the firm posted $0.68 EPS. Getty Realty Corp.’s revenue for the quarter was down .3% on a year-over-year basis. Equities analysts expect that Getty Realty Corp. will post $1.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Thursday, March 23rd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, March 21st. Getty Realty Corp.’s payout ratio is currently 75.68%.
Separately, Zacks Investment Research raised shares of Getty Realty Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th.
About Getty Realty Corp.
Getty Realty Corp. is a real estate investment trust. The Company is engaged in the ownership, leasing and financing of convenience store and gasoline station properties. It owns and leases approximately 850 properties that are located in over 20 states across the United States and Washington, District of Columbia.
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