Asset Management One Co. Ltd. Grows Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Asset Management One Co. Ltd. grew its holdings in Getty Realty Corp. (NYSE:GTY) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,713 shares of the real estate investment trust’s stock after purchasing an additional 344 shares during the quarter. Asset Management One Co. Ltd. owned about 0.25% of Getty Realty worth $4,135,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp lifted its stake in Getty Realty by 4.6% in the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock worth $126,411,000 after purchasing an additional 172,631 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Getty Realty by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock valued at $40,713,000 after buying an additional 16,252 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Getty Realty by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust’s stock valued at $24,727,000 after buying an additional 11,742 shares during the period. Natixis Advisors LLC raised its position in shares of Getty Realty by 38.1% during 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 buying an additional 166,345 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in shares of Getty Realty during the 3rd quarter valued at approximately $10,119,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GTY has been the topic of several analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price target on shares of Getty Realty in a research report 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 on the stock in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Getty Realty Stock Down 0.6 %

Shares of NYSE GTY opened at $30.16 on Thursday. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 23.93 and a beta of 0.93. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The business’s 50 day moving average is $30.59 and its two-hundred day moving average is $31.32.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) 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%. Research analysts predict that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Thursday, March 27th. Getty Realty’s payout ratio is 149.21%.

Getty Realty Company Profile