Smartleaf Asset Management LLC Buys 1,216 Shares of Getty Realty Corp. (NYSE:GTY)

Smartleaf Asset Management LLC increased its stake in Getty Realty Corp. (NYSE:GTY) by 715.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,386 shares of the real estate investment trust’s stock after purchasing an additional 1,216 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Getty Realty were worth $41,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of Getty Realty by 12.3% in the third quarter. Van ECK Associates Corp now owns 8,502 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 933 shares during the period. Atria Investments Inc purchased a new position in Getty Realty in the third quarter worth about $339,000. Versor Investments LP purchased a new position in Getty Realty in the third quarter worth about $309,000. GSA Capital Partners LLP bought a new stake in shares of Getty Realty during the 3rd quarter valued at about $495,000. Finally, KBC Group NV increased its position in shares of Getty Realty by 45.8% during the 3rd 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 during the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Down 1.6 %

Shares of GTY stock opened at $30.80 on Wednesday. The company’s fifty day simple moving average is $30.64 and its two-hundred day simple moving average is $31.38. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85. The stock has a market cap of $1.69 billion, a P/E ratio of 24.44 and a beta of 0.91. 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 (NYSE:GTY) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS 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%. Analysts predict that Getty Realty Corp. will post 2.29 EPS 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. Investors of record on Thursday, March 27th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s dividend payout ratio is presently 149.21%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GTY shares. JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. KeyCorp upgraded 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 note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.00.

About Getty Realty