Jackson Creek Investment Advisors LLC Has $1.41 Million Stake in Getty Realty Corp. (NYSE:GTY)

Jackson Creek Investment Advisors LLC lowered its stake in shares of Getty Realty Corp. (NYSE:GTY) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 46,859 shares of the real estate investment trust’s stock after selling 1,456 shares during the period. Jackson Creek Investment Advisors LLC owned approximately 0.09% of Getty Realty worth $1,412,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GTY. Fifth Third Bancorp raised its holdings in Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Getty Realty by 715.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,216 shares during the period. GAMMA Investing LLC raised its stake in shares of Getty Realty by 66.2% in the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 592 shares in the last quarter. KBC Group NV lifted its position in Getty Realty by 45.8% in the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 683 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Getty Realty by 246.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 1,799 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

NYSE GTY opened at $31.36 on Friday. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.85. The company has a 50 day moving average of $30.60 and a 200-day moving average of $31.37. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 24.89 and a beta of 0.91.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. On average, equities analysts forecast that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.99%. Getty Realty’s payout ratio is 149.21%.

Analyst Upgrades and Downgrades

GTY has been the subject of a number of recent research reports. JMP Securities restated a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. KeyCorp raised shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target for the company in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

About Getty Realty