Getty Realty Corp. (NYSE:GTY) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of Getty Realty Corp. (NYSE:GTY) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,863,821 shares of the real estate investment trust’s stock after purchasing an additional 48,491 shares during the quarter. Vanguard Group Inc. owned 14.29% of Getty Realty worth $236,937,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GTY. Bridge City Capital LLC raised its holdings in shares of Getty Realty by 0.9% in the 4th quarter. Bridge City Capital LLC now owns 85,047 shares of the real estate investment trust’s stock worth $2,562,000 after purchasing an additional 756 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Getty Realty by 20.8% in the fourth quarter. LPL Financial LLC now owns 68,003 shares of the real estate investment trust’s stock valued at $2,049,000 after buying an additional 11,691 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Getty Realty during the 4th quarter valued at $919,000. American Century Companies Inc. lifted its position in shares of Getty Realty by 3.4% during the 4th quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust’s stock valued at $489,000 after acquiring an additional 533 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Getty Realty by 232.5% during the 4th quarter. Quantbot Technologies LP now owns 32,755 shares of the real estate investment trust’s stock worth $987,000 after acquiring an additional 22,904 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Stock Performance

Shares of GTY stock opened at $29.76 on Friday. The stock’s fifty day simple moving average is $30.79 and its 200-day simple moving average is $31.22. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 23.62 and a beta of 0.85. 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 1-year low of $25.70 and a 1-year 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 for the quarter, beating 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%. On average, sell-side analysts predict that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a $0.47 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.32%. Getty Realty’s payout ratio is 149.21%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GTY. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price on the stock in a research report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and set a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. Finally, UBS Group assumed coverage on shares of Getty Realty in a research note on Friday, March 28th. They set a “neutral” rating and a $32.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.60.

Getty Realty Profile