30,100 Shares in Getty Realty Corp. (NYSE:GTY) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Getty Realty Corp. (NYSE:GTY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,100 shares of the real estate investment trust's stock, valued at approximately $919,000. KLP Kapitalforvaltning AS owned about 0.05% of Getty Realty as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Getty Realty by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust's stock valued at $24,727,000 after acquiring an additional 11,742 shares during the last quarter. Quantbot Technologies LP increased its stake in Getty Realty by 20.1% during the third quarter. Quantbot Technologies LP now owns 9,851 shares of the real estate investment trust's stock valued at $313,000 after purchasing an additional 1,649 shares during the last quarter. FMR LLC increased its stake in Getty Realty by 80.1% during the third quarter. FMR LLC now owns 4,201 shares of the real estate investment trust's stock valued at $134,000 after purchasing an additional 1,869 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Getty Realty by 8.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,755 shares of the real estate investment trust's stock worth $597,000 after purchasing an additional 1,435 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Getty Realty by 493.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 317,380 shares of the real estate investment trust's stock worth $10,096,000 after buying an additional 263,938 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

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Getty Realty Stock Performance

GTY stock traded down $0.20 during trading on Friday, reaching $30.15. 224,577 shares of the company's stock were exchanged, compared to its average volume of 299,967. The firm has a market cap of $1.66 billion, a PE ratio of 23.93 and a beta of 0.85. 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 Corp. has a 1-year low of $25.70 and a 1-year high of $33.85. The company's fifty day moving average price is $30.81 and its 200-day moving average price is $31.25.

Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, beating 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%. On average, research analysts expect that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty's dividend payout ratio is presently 149.21%.

Wall Street Analyst Weigh In

GTY has been the subject of a number of research reports. KeyCorp upgraded Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 target price for the company in a research note 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 research report on Friday, January 10th. Finally, UBS Group initiated coverage on Getty Realty in a research note on Friday, March 28th. They set a "neutral" rating and a $32.00 price objective for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.60.

Getty Realty Profile