Bank of New York Mellon Corp Buys 41,826 Shares of Getty Realty Corp. (NYSE:GTY)

Bank of New York Mellon Corp raised its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 586,780 shares of the real estate investment trust’s stock after purchasing an additional 41,826 shares during the quarter. Bank of New York Mellon Corp owned 1.07% of Getty Realty worth $17,680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fifth Third Bancorp boosted its holdings in shares of Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,210 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 592 shares during the period. KBC Group NV raised its stake in Getty Realty by 45.8% in the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 683 shares in the last quarter. Huntington National Bank raised its stake in Getty Realty by 21.6% in the third quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 441 shares in the last quarter. Finally, FMR LLC raised its stake in Getty Realty by 80.1% in the third quarter. FMR LLC now owns 4,201 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 1,869 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

GTY has been the topic of several research reports. JMP Securities reissued a “market outperform” rating and set a $34.00 price target on shares of Getty Realty in a research note on Friday, January 10th. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price on the stock in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Getty Realty has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Getty Realty Price Performance

GTY opened at $30.80 on Wednesday. The stock has a 50-day moving average price of $30.64 and a 200-day moving average price of $31.38. 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 cap of $1.69 billion, a PE ratio of 24.44 and a beta of 0.91. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85.

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

Getty Realty Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, March 27th. This represents a $1.88 annualized dividend and a yield of 6.10%. Getty Realty’s payout ratio is 149.21%.

About Getty Realty