Jones Financial Companies Lllp Purchases 1,799 Shares of Getty Realty Corp. (NYSE:GTY)

Jones Financial Companies Lllp increased its position in shares of Getty Realty Corp. (NYSE:GTY) by 246.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,529 shares of the real estate investment trust’s stock after purchasing an additional 1,799 shares during the period. Jones Financial Companies Lllp’s holdings in Getty Realty were worth $76,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System increased its position in shares of Getty Realty by 1.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust’s stock valued at $738,000 after purchasing an additional 400 shares during the period. Huntington National Bank boosted its stake in Getty Realty by 21.6% in the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 441 shares in the last quarter. GAMMA Investing LLC boosted its stake in Getty Realty by 66.2% in the 4th 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 in the last quarter. KBC Group NV boosted its stake in Getty Realty by 45.8% in the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 683 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Getty Realty by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 52,913 shares of the real estate investment trust’s stock valued at $1,593,000 after buying an additional 1,009 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Trading Up 1.1 %

NYSE GTY opened at $30.58 on Monday. The stock has a 50-day simple moving average of $30.67 and a 200 day simple moving average of $31.35. The company has a market capitalization of $1.68 billion, a PE ratio of 24.27 and a beta of 0.91. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85.

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, topping 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%. Research analysts forecast that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.15%. Getty Realty’s payout ratio is presently 149.21%.

Analyst Ratings Changes

Several analysts recently commented on GTY shares. JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 price target on shares of Getty Realty in a research note on Friday, January 10th. KeyCorp raised 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Getty Realty presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Getty Realty Profile