Geode Capital Management LLC Has $40.71 Million Position in Getty Realty Corp. (NYSE:GTY)

Geode Capital Management LLC grew its position in Getty Realty Corp. (NYSE:GTY) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,279,650 shares of the real estate investment trust’s stock after purchasing an additional 16,252 shares during the period. Geode Capital Management LLC owned about 2.33% of Getty Realty worth $40,713,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Verition Fund Management LLC acquired a new position in Getty Realty in the third quarter valued at about $10,119,000. NFJ Investment Group LLC acquired a new position in shares of Getty Realty in the 3rd quarter worth approximately $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Getty Realty by 493.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 317,380 shares of the real estate investment trust’s stock worth $10,096,000 after acquiring an additional 263,938 shares during the last quarter. State Street Corp increased its holdings in Getty Realty by 4.6% during the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock valued at $126,411,000 after purchasing an additional 172,631 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in Getty Realty by 38.1% in the 3rd quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust’s stock valued at $19,182,000 after purchasing an additional 166,345 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GTY. KeyCorp upgraded Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price for the company in a research note on Tuesday, December 17th. JPMorgan Chase & Co. boosted their target price on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Finally, Bank of America raised shares of Getty Realty from a “neutral” rating to a “buy” rating and raised their price target for the company from $31.00 to $34.00 in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Getty Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.75.

Getty Realty Stock Up 1.2 %

Shares of NYSE GTY opened at $30.75 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $1.69 billion, a PE ratio of 26.28 and a beta of 0.92. The firm’s 50-day moving average is $32.02 and its 200-day moving average is $30.68. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The company had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. During the same period last year, the company earned $0.57 EPS. Equities analysts expect that Getty Realty Corp. will post 2.23 EPS for the current year.

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a $0.47 dividend. The ex-dividend date is Thursday, December 26th. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.11%. Getty Realty’s dividend payout ratio is 160.68%.

Getty Realty Profile