11,931 Shares in Getty Realty Corp. (NYSE:GTY) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of Getty Realty Corp. (NYSE:GTY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,931 shares of the real estate investment trust’s stock, valued at approximately $359,000.

Several other large investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in shares of Getty Realty by 54.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 30,257 shares of the real estate investment trust’s stock valued at $912,000 after buying an additional 10,709 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Getty Realty by 4.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 26,537 shares of the real estate investment trust’s stock valued at $800,000 after purchasing an additional 1,025 shares during the period. Bank of New York Mellon Corp lifted its stake in Getty Realty by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 586,780 shares of the real estate investment trust’s stock worth $17,680,000 after acquiring an additional 41,826 shares during the period. Navellier & Associates Inc. lifted its stake in Getty Realty by 39.0% in the fourth quarter. Navellier & Associates Inc. now owns 13,759 shares of the real estate investment trust’s stock worth $415,000 after acquiring an additional 3,863 shares during the period. Finally, Truist Financial Corp bought a new position in Getty Realty in the fourth quarter worth about $228,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Trading Down 0.2 %

Shares of NYSE:GTY opened at $31.28 on Tuesday. The business’s 50 day moving average price is $30.63 and its 200-day moving average price is $31.38. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 24.83 and a beta of 0.91.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. On average, equities research analysts forecast that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Thursday, March 27th. Getty Realty’s dividend payout ratio (DPR) is presently 149.21%.

Wall Street Analysts Forecast Growth

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

Getty Realty Profile