Marshall Wace LLP grew its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 78.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 512,268 shares of the real estate investment trust's stock after purchasing an additional 225,752 shares during the quarter. Marshall Wace LLP owned approximately 0.93% of Getty Realty worth $15,435,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 worth $1,904,000 after buying an additional 391 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Getty Realty by 1.7% in 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 purchasing an additional 400 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Getty Realty by 3.4% in the fourth quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust's stock valued at $489,000 after purchasing an additional 533 shares during the period. GAMMA Investing LLC raised its stake in shares of Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 592 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Getty Realty by 8.2% during the fourth quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock worth $248,000 after purchasing an additional 622 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.
Getty Realty Price Performance
NYSE GTY traded down $0.21 during mid-day trading on Friday, hitting $27.36. The stock had a trading volume of 400,865 shares, compared to its average volume of 316,873. The company has a 50 day simple moving average of $29.97 and a 200 day simple moving average of $30.85. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 21.71 and a beta of 0.85. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85.
Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Equities analysts forecast that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.
Getty Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a dividend yield of 6.87%. Getty Realty's dividend payout ratio is currently 149.21%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. UBS Group started coverage on shares of Getty Realty in a research note on Friday, March 28th. They issued a "neutral" rating and a $32.00 price objective on the stock. Robert W. Baird lowered their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, JMP Securities reissued a "market outperform" rating and set a $34.00 target price on shares of Getty Realty in a research note on Friday, January 10th. Three 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 company presently has an average rating of "Moderate Buy" and an average target price of $33.33.
Check Out Our Latest Stock Analysis on Getty Realty
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