Proficio Capital Partners LLC Purchases New Position in Getty Realty Corp. (NYSE:GTY)

Proficio Capital Partners LLC acquired a new position in shares of Getty Realty Corp. (NYSE:GTY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,931 shares of the real estate investment trust’s stock, valued at approximately $359,000.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp grew its position 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 valued at $40,000 after buying an additional 1,210 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Getty Realty by 715.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,216 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 worth $45,000 after purchasing an additional 592 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Getty Realty by 246.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 1,799 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Getty Realty by 42.4% in the 4th quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 922 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

Shares of GTY stock opened at $30.48 on Wednesday. The stock’s 50-day moving average price is $30.81 and its 200 day moving average price is $31.29. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $1.68 billion, a PE ratio of 24.19 and a beta of 0.91. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s dividend payout ratio (DPR) is presently 149.21%.

Analysts Set New Price Targets

GTY has been the topic of several research analyst reports. 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 report on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 target price on shares of Getty Realty in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.00.

Getty Realty Company Profile