Cbre Investment Management Listed Real Assets LLC Purchases 99,530 Shares of Getty Realty Corp. (NYSE:GTY)

Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 681,231 shares of the real estate investment trust's stock after buying an additional 99,530 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 1.24% of Getty Realty worth $20,525,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GTY. Fifth Third Bancorp increased its position in shares of Getty Realty by 923.7% during the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after buying an additional 1,210 shares during the period. Smartleaf Asset Management LLC increased its position in shares of 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 worth $41,000 after buying an additional 1,216 shares during the period. GAMMA Investing LLC increased its position in shares of Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after buying an additional 592 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position 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 worth $63,000 after buying an additional 513 shares during the period. Finally, KBC Group NV increased its position in shares of Getty Realty by 45.8% during the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust's stock worth $69,000 after buying an additional 683 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JMP Securities reiterated a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. KeyCorp upgraded shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price target for the company in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Getty Realty currently has an average rating of "Moderate Buy" and an average price target of $34.00.

Getty Realty Stock Up 1.0 %

NYSE:GTY traded up $0.31 during trading hours on Friday, reaching $31.36. The company had a trading volume of 275,535 shares, compared to its average volume of 274,325. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 24.89 and a beta of 0.91. The business's 50-day simple moving average is $30.60 and its two-hundred day simple moving average is $31.37. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings results 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 net margin of 34.94% and a return on equity of 7.43%. On average, equities analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty's dividend payout ratio is currently 149.21%.

Getty Realty Company Profile