Versor Investments LP Invests $1.31 Million in Getty Realty Corporation $GTY

Versor Investments LP purchased a new position in Getty Realty Corporation (NYSE:GTY) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 48,908 shares of the real estate investment trust’s stock, valued at approximately $1,312,000. Versor Investments LP owned about 0.08% of Getty Realty at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in Getty Realty in the first quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its stake 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 valued at $33,000 after purchasing an additional 1,159 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Getty Realty by 288.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,013 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Getty Realty during the second quarter worth approximately $38,000. Finally, GAMMA Investing LLC grew its holdings in shares of Getty Realty by 56.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,317 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 837 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Performance

Getty Realty stock opened at $30.75 on Tuesday. Getty Realty Corporation has a 1 year low of $25.39 and a 1 year high of $32.17. The company has a market cap of $1.78 billion, a PE ratio of 24.02, a PEG ratio of 2.85 and a beta of 0.84. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average is $28.78 and its two-hundred day moving average is $28.12.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GTY shares. Janney Montgomery Scott started coverage on Getty Realty in a report on Thursday, October 16th. They set a “buy” rating and a $30.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Getty Realty presently has an average rating of “Hold” and an average target price of $31.25.

About Getty Realty

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.