Atria Investments Inc Invests $339,000 in Getty Realty Corp. (NYSE:GTY)

Atria Investments Inc purchased a new position in shares of Getty Realty Corp. (NYSE:GTY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,644 shares of the real estate investment trust’s stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Clear Creek Financial Management LLC increased its holdings in shares of Getty Realty by 5.0% during the 2nd quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 375 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Getty Realty by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock valued at $659,000 after purchasing an additional 400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Getty Realty by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 513 shares during the last quarter. Arizona State Retirement System increased its holdings in Getty Realty by 4.3% in the 2nd quarter. Arizona State Retirement System now owns 14,352 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 593 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Getty Realty by 10.6% in the 2nd quarter. Van ECK Associates Corp now owns 7,569 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 723 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and lifted their target price for the company from $31.00 to $34.00 in a report on Monday, October 21st.

Getty Realty Stock Performance

NYSE:GTY opened at $32.55 on Friday. The company has a fifty day simple moving average of $31.82 and a two-hundred day simple moving average of $29.97. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 27.98 and a beta of 0.91. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.23.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.28). The business had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same quarter last year, the firm earned $0.57 EPS. As a group, equities analysts anticipate that Getty Realty Corp. will post 2.22 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be paid a $0.47 dividend. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. This represents a $1.88 annualized dividend and a dividend yield of 5.78%. Getty Realty’s payout ratio is 160.68%.

About Getty Realty