Intech Investment Management LLC Takes Position in Getty Realty Corp. (NYSE:GTY)

Intech Investment Management LLC acquired a new position in Getty Realty Corp. (NYSE:GTY - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,363 shares of the real estate investment trust's stock, valued at approximately $616,000.

Several other large investors have also modified their holdings of the company. GSA Capital Partners LLP acquired a new position in Getty Realty during the 3rd quarter worth $495,000. Cubist Systematic Strategies LLC bought a new position in shares of Getty Realty in the second quarter worth about $958,000. Natixis Advisors LLC lifted its position in shares of Getty Realty by 38.1% during the 3rd quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust's stock worth $19,182,000 after purchasing an additional 166,345 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Getty Realty by 12.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 258,154 shares of the real estate investment trust's stock valued at $6,882,000 after purchasing an additional 27,902 shares during the period. Finally, Boston Partners grew its holdings in Getty Realty by 93.8% in the 1st quarter. Boston Partners now owns 60,834 shares of the real estate investment trust's stock valued at $1,664,000 after buying an additional 29,448 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Getty Realty Stock Performance

Shares of GTY stock traded down $0.43 during mid-day trading on Friday, reaching $32.88. The stock had a trading volume of 194,478 shares, compared to its average volume of 248,960. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The firm has a market cap of $1.81 billion, a PE ratio of 28.10 and a beta of 0.91. The firm's 50 day simple moving average is $31.89 and its 200 day simple moving average is $30.19. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.28). Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. The business had revenue of $51.47 million for the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the prior year, the firm earned $0.57 EPS. On average, analysts forecast that Getty Realty Corp. will post 2.23 EPS for the current year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.47 per share. This is a boost from Getty Realty's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.88 dividend on an annualized basis and a yield of 5.72%. Getty Realty's dividend payout ratio (DPR) is currently 153.85%.

About Getty Realty