New Age Alpha Advisors LLC Takes Position in Getty Realty Corp. (NYSE:GTY)

New Age Alpha Advisors LLC purchased a new position in Getty Realty Corp. (NYSE:GTY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 67,864 shares of the real estate investment trust's stock, valued at approximately $2,045,000. New Age Alpha Advisors LLC owned approximately 0.12% of Getty Realty at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its holdings in shares of Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 1,210 shares during the period. Smartleaf Asset Management LLC boosted its stake in Getty Realty by 715.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after buying an additional 1,216 shares during the period. GAMMA Investing LLC increased its position in 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 valued at $45,000 after acquiring an additional 592 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in Getty Realty during the fourth quarter valued at $45,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Getty Realty by 246.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust's stock valued at $76,000 after acquiring an additional 1,799 shares during the period. 85.11% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages recently commented on GTY. JMP Securities reiterated a "market outperform" rating and set a $34.00 price target on shares of Getty Realty in a report on Friday, January 10th. KeyCorp raised Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 target price on the stock in a research note on Tuesday, December 17th. 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 target for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.60.

Getty Realty Trading Down 0.7 %

Getty Realty stock traded down $0.21 during trading hours on Thursday, hitting $30.35. The company had a trading volume of 149,437 shares, compared to its average volume of 298,023. The firm has a market cap of $1.67 billion, a P/E ratio of 24.09 and a beta of 0.85. The company has a 50-day moving average price of $30.81 and a two-hundred day moving average price of $31.25. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. On average, sell-side analysts anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The company 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 6.19%. Getty Realty's dividend payout ratio is currently 149.21%.

Getty Realty Profile