BNP Paribas Financial Markets Has $345,000 Holdings in Getty Realty Corp. (NYSE:GTY)

BNP Paribas Financial Markets lessened its holdings in Getty Realty Corp. (NYSE:GTY) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,832 shares of the real estate investment trust’s stock after selling 2,861 shares during the period. BNP Paribas Financial Markets’ holdings in Getty Realty were worth $345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Clear Creek Financial Management LLC lifted its position in Getty Realty by 5.0% during the 2nd quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 375 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Getty Realty by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock worth $659,000 after acquiring an additional 400 shares during the last quarter. Huntington National Bank lifted its position in Getty Realty by 21.6% during the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 441 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Getty Realty by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 513 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Getty Realty by 4.3% during the 2nd quarter. Arizona State Retirement System now owns 14,352 shares of the real estate investment trust’s stock worth $383,000 after acquiring an additional 593 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Performance

NYSE GTY opened at $32.06 on Friday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.76 billion, a P/E ratio of 27.40 and a beta of 0.92. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85. The company’s 50-day simple moving average is $32.01 and its 200 day simple moving average is $30.50.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.28). The firm had revenue of $51.47 million for the quarter, compared to the consensus estimate of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same period in the prior year, the company posted $0.57 earnings per share. As a group, research analysts forecast that Getty Realty Corp. will post 2.23 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 5.86%. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, December 26th. Getty Realty’s dividend payout ratio is currently 153.85%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GTY. Bank of America raised shares of Getty Realty from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $34.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. upped their price objective on shares of Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th.

About Getty Realty