Getty Realty Corp. (NYSE:GTY) Short Interest Update

Getty Realty Corp. (NYSE:GTY) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 2,110,000 shares, an increase of 8.2% from the May 31st total of 1,950,000 shares. Based on an average daily trading volume, of 237,300 shares, the short-interest ratio is currently 8.9 days.

Getty Realty Stock Performance

NYSE:GTY traded up $0.13 during trading hours on Wednesday, reaching $26.71. The company had a trading volume of 133,630 shares, compared to its average volume of 262,754. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 22.83 and a beta of 0.90. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average price is $27.26 and its 200-day moving average price is $27.48. Getty Realty has a 52 week low of $25.70 and a 52 week high of $34.38.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. The firm had revenue of $48.97 million for the quarter, compared to the consensus estimate of $46.63 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, analysts forecast that Getty Realty will post 2.31 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Thursday, June 27th. Getty Realty’s payout ratio is 153.85%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GTY. JMP Securities reiterated a “market outperform” rating and issued a $33.00 target price on shares of Getty Realty in a research note on Monday, March 25th. StockNews.com upgraded Getty Realty from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd.

Institutional Trading of Getty Realty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Getty Realty by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 7,768,393 shares of the real estate investment trust’s stock valued at $212,466,000 after purchasing an additional 252,254 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Getty Realty by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 729,032 shares of the real estate investment trust’s stock valued at $21,302,000 after acquiring an additional 54,040 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Getty Realty by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 691,157 shares of the real estate investment trust’s stock worth $20,196,000 after acquiring an additional 43,073 shares during the period. Natixis Advisors L.P. grew its position in shares of Getty Realty by 42.5% during the fourth quarter. Natixis Advisors L.P. now owns 507,337 shares of the real estate investment trust’s stock worth $14,824,000 after purchasing an additional 151,256 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Getty Realty by 11.4% during the 3rd quarter. Invesco Ltd. now owns 460,215 shares of the real estate investment trust’s stock valued at $12,762,000 after purchasing an additional 47,192 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

About Getty Realty