Getty Realty Corp. (NYSE:GTY) Shares Acquired by Fmr LLC

Fmr LLC increased its position in shares of Getty Realty Corp. (NYSE:GTY) by 80.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,201 shares of the real estate investment trust’s stock after purchasing an additional 1,869 shares during the quarter. Fmr LLC’s holdings in Getty Realty were worth $134,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GTY. Clear Creek Financial Management LLC increased its stake in Getty Realty by 5.0% in the second quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 375 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Getty Realty by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock valued at $659,000 after purchasing an additional 400 shares during the period. 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Getty Realty by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 513 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Getty Realty by 4.3% in the 2nd quarter. Arizona State Retirement System now owns 14,352 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 593 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Performance

NYSE GTY opened at $30.55 on Monday. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The stock has a market cap of $1.68 billion, a PE ratio of 26.11 and a beta of 0.92. The firm has a 50-day moving average of $32.04 and a 200-day moving average of $30.66. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The firm had revenue of $51.47 million during the quarter, compared to the consensus estimate of $49.79 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, sell-side analysts anticipate that Getty Realty Corp. will post 2.23 EPS for the current year.

Getty Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a dividend of $0.47 per share. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. This represents a $1.88 annualized dividend and a yield of 6.15%. Getty Realty’s dividend payout ratio is presently 160.68%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GTY. JPMorgan Chase & Co. raised their price target on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $34.00 in a report on Monday, October 21st. Finally, KeyCorp raised shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective on the stock in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.75.

Getty Realty Company Profile