Congress Asset Management Co. Acquires 86,110 Shares of Getty Realty Corp. (NYSE:GTY)

Congress Asset Management Co. boosted its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 61.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,096 shares of the real estate investment trust's stock after acquiring an additional 86,110 shares during the period. Congress Asset Management Co. owned 0.41% of Getty Realty worth $6,812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in Getty Realty by 923.7% during the 4th 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 during the last quarter. GAMMA Investing LLC lifted its position in 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 acquiring an additional 592 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Getty Realty by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 513 shares during the last quarter. KBC Group NV lifted its position in Getty Realty by 45.8% during the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust's stock worth $69,000 after acquiring an additional 683 shares during the last quarter. Finally, Huntington National Bank lifted its position in Getty Realty by 21.6% during the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust's stock worth $79,000 after acquiring an additional 441 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Wall Street Analyst Weigh In

GTY has been the subject of a number of research analyst reports. KeyCorp raised shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 target price for the company in a research report on Tuesday, December 17th. JMP Securities restated a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

Getty Realty Stock Performance

Shares of NYSE:GTY traded up $0.21 on Friday, hitting $30.43. 306,950 shares of the company were exchanged, compared to its average volume of 340,143. The company's 50 day moving average price is $30.55 and its two-hundred day moving average price is $31.31. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. 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 firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 24.15 and a beta of 0.93.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Research 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 announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.18%. Getty Realty's payout ratio is currently 149.21%.

Getty Realty Company Profile