Raymond James Financial Inc. Makes New Investment in Getty Realty Corp. (NYSE:GTY)

Raymond James Financial Inc. acquired a new stake in Getty Realty Corp. (NYSE:GTY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,422 shares of the real estate investment trust’s stock, valued at approximately $886,000. Raymond James Financial Inc. owned 0.05% of Getty Realty at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GTY. Fifth Third Bancorp grew its stake in 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 acquiring an additional 1,210 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Getty Realty by 715.3% during 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 purchasing an additional 1,216 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Getty Realty by 66.2% in the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 592 shares during the period. Jones Financial Companies Lllp increased its stake 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 raised its position in shares of Getty Realty by 42.4% during the 4th quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 922 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Trading Down 1.9 %

GTY opened at $29.76 on Friday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 23.62 and a beta of 0.85. The company’s 50 day simple moving average is $30.79 and its two-hundred day simple moving average is $31.23. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data 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 return on equity of 7.43% and a net margin of 34.94%. Analysts expect that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

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

Analyst Ratings Changes

GTY has been the topic of several research analyst reports. UBS Group initiated coverage on Getty Realty in a report on Friday, March 28th. They issued a “neutral” rating and a $32.00 price objective on the stock. JMP Securities restated a “market outperform” rating and issued a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. Finally, KeyCorp upgraded Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target for the company in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.60.

About Getty Realty