Van ECK Associates Corp Purchases 1,072 Shares of Getty Realty Corp. (NYSE:GTY)

Van ECK Associates Corp increased its position in shares of Getty Realty Corp. (NYSE:GTY) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,574 shares of the real estate investment trust’s stock after buying an additional 1,072 shares during the period. Van ECK Associates Corp’s holdings in Getty Realty were worth $288,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GTY. Verition Fund Management LLC acquired a new position in shares of Getty Realty during the third quarter valued at about $10,119,000. NFJ Investment Group LLC acquired a new position in shares of Getty Realty during the third quarter valued at about $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Getty Realty by 493.9% during the third 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 valued at $10,096,000 after buying an additional 263,938 shares during the last quarter. State Street Corp grew its holdings in shares of Getty Realty by 4.6% during the third quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock valued at $126,411,000 after buying an additional 172,631 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Getty Realty by 38.1% during the third 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 last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Performance

Shares of GTY stock opened at $30.43 on Monday. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The company’s 50-day moving average is $30.52 and its 200 day moving average is $31.33. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 24.15 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28.

Getty Realty (NYSE:GTY) last announced its quarterly 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 net margin of 34.94% and a return on equity of 7.43%. Sell-side analysts expect that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently disclosed 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. This represents a $1.88 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Thursday, March 27th. Getty Realty’s payout ratio is currently 149.21%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a report on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and set a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.00.

About Getty Realty