Vanguard Group Inc. grew its holdings in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,863,821 shares of the real estate investment trust's stock after buying an additional 48,491 shares during the quarter. Vanguard Group Inc. owned approximately 14.29% of Getty Realty worth $236,937,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in 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 acquiring an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 1,216 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Getty Realty by 66.2% during the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 592 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Getty Realty by 246.4% during the 4th 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 boosted its holdings in shares of Getty Realty by 42.4% in the 4th quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust's stock valued at $93,000 after buying an additional 922 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.
Getty Realty Stock Performance
Shares of NYSE GTY traded down $0.54 during trading hours on Thursday, reaching $27.68. 438,092 shares of the stock were exchanged, compared to its average volume of 308,087. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The stock's fifty day simple moving average is $30.43 and its 200 day simple moving average is $31.05. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 21.96 and a beta of 0.85.
Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (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%. Sell-side analysts predict that Getty Realty Corp. will post 2.29 EPS for the current year.
Getty Realty Announces Dividend
The business also recently announced 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 annualized dividend and a dividend yield of 6.79%. The ex-dividend date is Thursday, March 27th. Getty Realty's dividend payout ratio (DPR) is currently 149.21%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. KeyCorp raised shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price target on the stock in a research report on Tuesday, December 17th. JMP Securities reiterated a "market outperform" rating and issued a $34.00 target price on shares of Getty Realty in a research note on Friday, January 10th. Finally, UBS Group started coverage on Getty Realty in a research report on Friday, March 28th. They set a "neutral" rating and a $32.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $33.60.
Check Out Our Latest Analysis on GTY
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