Teacher Retirement System of Texas Takes $1.11 Million Position in Getty Realty Corp. (NYSE:GTY)

Teacher Retirement System of Texas acquired a new position in shares of Getty Realty Corp. (NYSE:GTY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,894 shares of the real estate investment trust’s stock, valued at approximately $1,112,000. Teacher Retirement System of Texas owned about 0.07% of Getty Realty as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of Getty Realty by 0.6% during the fourth quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust’s stock valued at $1,904,000 after acquiring an additional 391 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Getty Realty by 1.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust’s stock worth $738,000 after purchasing an additional 400 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Getty Realty by 66.2% during the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 592 shares during the period. KBC Group NV grew 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 buying an additional 922 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Getty Realty by 1.9% in the fourth 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 during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Price Performance

Getty Realty stock opened at $30.64 on Friday. The stock’s 50 day moving average price is $30.80 and its two-hundred day moving average price is $31.27. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 24.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85.

Getty Realty (NYSE:GTY) last posted its quarterly 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 net margin of 34.94% and a return on equity of 7.43%. On average, equities analysts predict that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s dividend payout ratio (DPR) is currently 149.21%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective on the stock in a research note on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. Finally, UBS Group started coverage on shares of Getty Realty in a research report on Friday. They set a “neutral” rating and a $32.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Getty Realty currently has an average rating of “Moderate Buy” and an average target price of $33.60.

Getty Realty Company Profile