Intech Investment Management LLC raised its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 155.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,497 shares of the real estate investment trust's stock after purchasing an additional 30,134 shares during the quarter. Intech Investment Management LLC owned 0.09% of Getty Realty worth $1,491,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of GTY. HighTower Advisors LLC grew its holdings in shares of Getty Realty by 0.6% during the fourth quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust's stock valued at $1,904,000 after buying an additional 391 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Getty Realty by 1.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust's stock valued at $738,000 after acquiring an additional 400 shares in the last quarter. GAMMA Investing LLC grew its stake 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 valued at $45,000 after acquiring an additional 592 shares in the last quarter. KBC Group NV increased its holdings in shares of Getty Realty by 45.8% in the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust's stock valued at $69,000 after purchasing an additional 683 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of Getty Realty by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 52,913 shares of the real estate investment trust's stock worth $1,593,000 after purchasing an additional 1,009 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.
Getty Realty Stock Up 1.0 %
GTY traded up $0.30 during midday trading on Wednesday, hitting $30.79. 288,328 shares of the company's stock traded hands, compared to its average volume of 276,487. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market cap of $1.69 billion, a PE ratio of 24.44 and a beta of 0.91. The stock's fifty day simple moving average is $30.81 and its 200-day simple moving average is $31.29. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85.
Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating 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%. As a group, equities analysts anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.
Getty Realty Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 annualized dividend and a dividend yield of 6.11%. Getty Realty's dividend payout ratio (DPR) is presently 149.21%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. KeyCorp upgraded shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price objective on the stock in a research note on Tuesday, December 17th. JMP Securities reaffirmed a "market outperform" rating and issued a $34.00 price target on shares of Getty Realty in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Getty Realty presently has an average rating of "Moderate Buy" and an average price target of $34.00.
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