Tudor Investment Corp ET AL Has $8.09 Million Stock 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% in the third quarter, Holdings Channel.com reports. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GTY. Aster Capital Management DIFC Ltd acquired a new position in Getty Realty during the 3rd quarter worth approximately $27,000. Advisors Asset Management Inc. acquired a new position in Getty Realty during the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its position in Getty Realty by 3,996.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,159 shares in the last quarter. Farther Finance Advisors LLC increased its position in Getty Realty by 288.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Getty Realty during the 3rd quarter worth approximately $56,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Trading Up 0.3%

Shares of NYSE GTY opened at $32.58 on Tuesday. 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 Corporation has a 52-week low of $25.39 and a 52-week high of $34.14. The firm has a 50 day moving average price of $32.13 and a two-hundred day moving average price of $29.35. The stock has a market cap of $1.95 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81.

Getty Realty (NYSE:GTY) last announced its quarterly 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. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The firm had revenue of $60.55 million during the quarter, compared to analysts’ expectations of $55.94 million. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a research report on Thursday, January 22nd. UBS Group upped their price target 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. Finally, Royal Bank Of Canada upped their price target on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average 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.