Short Interest in Getty Realty Corp. (NYSE:GTY) Rises By 32.3%

Getty Realty Corp. (NYSE:GTY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 312,900 shares, an increase of 32.3% from the May 30th total of 236,500 shares. Based on an average daily volume of 113,900 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.9% of the shares of the company are short sold.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Deutsche Bank AG increased its stake in shares of Getty Realty by 0.3% during the fourth quarter. Deutsche Bank AG now owns 118,490 shares of the real estate investment trust’s stock worth $3,482,000 after purchasing an additional 377 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Getty Realty by 4.3% during the first quarter. Mason Street Advisors LLC now owns 10,894 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 446 shares in the last quarter. 6 Meridian increased its stake in shares of Getty Realty by 2.3% during the second quarter. 6 Meridian now owns 22,388 shares of the real estate investment trust’s stock worth $689,000 after purchasing an additional 494 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Getty Realty by 1.0% during the first quarter. Arizona State Retirement System now owns 52,326 shares of the real estate investment trust’s stock worth $1,676,000 after purchasing an additional 517 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. increased its stake in shares of Getty Realty by 6.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 8,532 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 543 shares in the last quarter. Institutional investors and hedge funds own 64.96% of the company’s stock.

Shares of NYSE:GTY traded down $0.01 during trading on Friday, hitting $30.91. 78,397 shares of the stock traded hands, compared to its average volume of 119,125. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market capitalization of $1.26 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 6.25 and a beta of 0.57. The business’s fifty day simple moving average is $31.25. Getty Realty has a 52-week low of $26.50 and a 52-week high of $35.03.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.17). The company had revenue of $33.29 million during the quarter, compared to analysts’ expectations of $29.65 million. Getty Realty had a return on equity of 8.56% and a net margin of 35.21%. As a group, equities research analysts anticipate that Getty Realty will post 1.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 20th were given a $0.35 dividend. The ex-dividend date was Wednesday, June 19th. This represents a $1.40 annualized dividend and a dividend yield of 4.53%. Getty Realty’s dividend payout ratio (DPR) is 81.87%.

Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Zacks Investment Research lowered shares of TransEnterix from a “hold” rating to a “sell” rating in a report on Saturday.

Getty Realty Company Profile

Featured Article: Do investors pay a separate front-end load every time they buy additional shares?

Receive News & Ratings for Getty Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Realty and related companies with MarketBeat.com's FREE daily email newsletter.