HighTower Advisors LLC Has $1.90 Million Stock Position in Getty Realty Corp. (NYSE:GTY)

HighTower Advisors LLC grew its stake in Getty Realty Corp. (NYSE:GTY) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,200 shares of the real estate investment trust’s stock after purchasing an additional 391 shares during the period. HighTower Advisors LLC owned approximately 0.11% of Getty Realty worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp grew its holdings in Getty Realty by 4.6% during the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock worth $126,411,000 after acquiring an additional 172,631 shares during the last quarter. Geode Capital Management LLC raised its holdings in Getty Realty by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock worth $40,713,000 after purchasing an additional 16,252 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Getty Realty by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust’s stock valued at $24,727,000 after purchasing an additional 11,742 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Getty Realty by 17.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust’s stock valued at $20,525,000 after purchasing an additional 99,530 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Getty Realty by 7.7% during the 4th 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 buying an additional 41,826 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JMP Securities reissued 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 target price for the company in a research note 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’s stock. According to data from MarketBeat.com, Getty Realty currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Getty Realty Trading Down 0.2 %

NYSE GTY opened at $30.48 on Monday. The company has a market cap of $1.68 billion, a PE ratio of 24.19 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. The stock has a 50 day moving average of $30.79 and a 200-day moving average of $31.31. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85.

Getty Realty (NYSE:GTY) last released 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 net margin of 34.94% and a return on equity of 7.43%. On average, equities research analysts anticipate that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders 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 yield of 6.17%. The ex-dividend date is Thursday, March 27th. Getty Realty’s payout ratio is 149.21%.

Getty Realty Profile