Atom Investors LP Makes New $618,000 Investment in Getty Realty Corp. (NYSE:GTY)

Atom Investors LP purchased a new stake in Getty Realty Corp. (NYSE:GTY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,432 shares of the real estate investment trust's stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GTY. Price T Rowe Associates Inc. MD increased its position in Getty Realty by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,249 shares of the real estate investment trust's stock valued at $910,000 after acquiring an additional 1,707 shares during the period. Strategic Advocates LLC raised its holdings in Getty Realty by 10.8% during the second quarter. Strategic Advocates LLC now owns 14,567 shares of the real estate investment trust's stock valued at $388,000 after buying an additional 1,416 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Getty Realty by 198.3% in the second quarter. SG Americas Securities LLC now owns 17,550 shares of the real estate investment trust's stock valued at $468,000 after purchasing an additional 11,666 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Getty Realty by 47.1% during the second quarter. Nisa Investment Advisors LLC now owns 33,956 shares of the real estate investment trust's stock worth $921,000 after buying an additional 10,877 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Getty Realty by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust's stock worth $659,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on GTY. JPMorgan Chase & Co. lifted their target price on shares of Getty Realty from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. Bank of America upgraded shares of Getty Realty from a "neutral" rating to a "buy" rating and upped their target price for the company from $31.00 to $34.00 in a research report on Monday, October 21st.

Getty Realty Stock Performance

Getty Realty stock traded up $0.12 during trading hours on Wednesday, hitting $32.43. The company had a trading volume of 118,274 shares, compared to its average volume of 282,528. The firm has a market cap of $1.78 billion, a PE ratio of 27.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The firm has a 50-day moving average of $31.92 and a 200 day moving average of $30.28.

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

Getty Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date is Thursday, December 26th. This is an increase from Getty Realty's previous quarterly dividend of $0.45. Getty Realty's dividend payout ratio (DPR) is currently 160.68%.

Getty Realty Profile