Intech Investment Management LLC Purchases 30,134 Shares of Getty Realty Corp. (NYSE:GTY)

Intech Investment Management LLC grew its holdings in Getty Realty Corp. (NYSE:GTY - Free Report) by 155.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,497 shares of the real estate investment trust's stock after purchasing an additional 30,134 shares during the period. Intech Investment Management LLC owned approximately 0.09% of Getty Realty worth $1,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Fifth Third Bancorp increased its stake in Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 1,210 shares during the period. Smartleaf Asset Management LLC grew its holdings 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 valued at $41,000 after acquiring an additional 1,216 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Getty Realty by 66.2% in the fourth 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. KBC Group NV raised its holdings 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 acquiring an additional 683 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Getty Realty by 246.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 1,799 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

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Analyst Upgrades and Downgrades

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

Getty Realty Stock Up 0.2 %

Shares of NYSE:GTY traded up $0.06 on Tuesday, reaching $30.67. The company had a trading volume of 65,674 shares, compared to its average volume of 276,227. The stock has a market capitalization of $1.69 billion, a P/E ratio of 24.35 and a beta of 0.91. The stock has a 50-day moving average price of $30.80 and a 200 day moving average price of $31.30. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94.

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 return on equity of 7.43% and a net margin of 34.94%. On average, equities analysts expect that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 annualized dividend and a yield of 6.13%. Getty Realty's dividend payout ratio (DPR) is 149.21%.

Getty Realty Company Profile