Getty Realty Corp. (NYSE:GTY) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 493.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 317,380 shares of the real estate investment trust's stock after acquiring an additional 263,938 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.58% of Getty Realty worth $10,096,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Getty Realty during the second quarter worth about $29,000. Point72 Hong Kong Ltd bought a new position in shares of Getty Realty during the second quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. lifted 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 purchasing an additional 513 shares during the last quarter. KBC Group NV lifted 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 purchasing an additional 683 shares during the last quarter. Finally, Huntington National Bank lifted its position in shares of Getty Realty by 21.6% during the third quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust's stock worth $79,000 after purchasing an additional 441 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Performance

NYSE GTY traded up $0.20 during trading hours on Monday, reaching $32.31. The company's stock had a trading volume of 254,023 shares, compared to its average volume of 281,372. The business has a 50-day simple moving average of $31.94 and a 200 day simple moving average of $30.38. 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 $1.78 billion, a PE ratio of 27.62 and a beta of 0.92. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $49.79 million. During the same quarter in the previous year, the business posted $0.57 EPS. Equities research analysts predict that Getty Realty Corp. will post 2.23 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The business also recently disclosed 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 dividend yield of 5.82%. The ex-dividend date of this dividend is Thursday, December 26th. This is a positive change from Getty Realty's previous quarterly dividend of $0.45. Getty Realty's dividend payout ratio (DPR) is currently 153.85%.

Analyst Upgrades and Downgrades

GTY has been the topic of several research analyst reports. Bank of America raised shares of Getty Realty from a "neutral" rating to a "buy" rating and increased their price target for the stock from $31.00 to $34.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. raised their target price on shares of Getty Realty from $31.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, September 19th.

Getty Realty Company Profile