Getty Realty Corp. (NYSE:GTY) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 38.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 603,023 shares of the real estate investment trust's stock after acquiring an additional 166,345 shares during the period. Natixis Advisors LLC owned about 1.10% of Getty Realty worth $19,182,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GTY. Vanguard Group Inc. grew its holdings in Getty Realty by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 7,768,393 shares of the real estate investment trust's stock worth $212,466,000 after acquiring an additional 252,254 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Getty Realty by 9.8% during the second quarter. Bank of New York Mellon Corp now owns 601,341 shares of the real estate investment trust's stock valued at $16,032,000 after purchasing an additional 53,906 shares in the last quarter. AQR Capital Management LLC increased its holdings in Getty Realty by 101.3% during the second quarter. AQR Capital Management LLC now owns 93,900 shares of the real estate investment trust's stock valued at $2,503,000 after buying an additional 47,248 shares during the period. Marshall Wace LLP purchased a new position in Getty Realty during the 2nd quarter worth $1,251,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Getty Realty during the 2nd quarter valued at about $958,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Getty Realty from $31.00 to $33.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. JMP Securities boosted their price objective on shares of Getty Realty from $31.50 to $33.00 and gave the company a "market outperform" rating in a report on Thursday, July 25th. Finally, Bank of America upgraded Getty Realty from a "neutral" rating to a "buy" rating and raised their target price for the stock from $31.00 to $34.00 in a research note on Monday, October 21st.

Getty Realty Stock Performance

NYSE GTY traded down $0.43 on Wednesday, hitting $32.38. 81,767 shares of the company's stock traded hands, compared to its average volume of 284,076. The firm's 50-day moving average price is $31.77 and its two-hundred day moving average price is $29.93. The firm has a market capitalization of $1.78 billion, a PE ratio of 28.16 and a beta of 0.91. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.23.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.28). The business had revenue of $51.47 million for the quarter, compared to analyst estimates of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same quarter in the prior year, the firm earned $0.57 earnings per share. As a group, analysts expect that Getty Realty Corp. will post 2.22 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. Investors of record on Thursday, December 26th will be issued a $0.47 dividend. This is a boost from Getty Realty's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. This represents a $1.88 dividend on an annualized basis and a yield of 5.81%. Getty Realty's dividend payout ratio is presently 153.85%.

About Getty Realty