Norges Bank purchased a new position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 173,164 shares of the real estate investment trust's stock, valued at approximately $5,217,000. Norges Bank owned 0.31% of Getty Realty as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. State Street Corp boosted its stake in Getty Realty by 4.6% in the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust's stock worth $126,411,000 after buying an additional 172,631 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Getty Realty by 17.1% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust's stock worth $20,525,000 after acquiring an additional 99,530 shares during the period. Stifel Financial Corp boosted its position in shares of Getty Realty by 79.9% in the third quarter. Stifel Financial Corp now owns 198,761 shares of the real estate investment trust's stock worth $6,323,000 after acquiring an additional 88,253 shares during the last quarter. Congress Asset Management Co. grew its holdings in Getty Realty by 61.5% in the fourth quarter. Congress Asset Management Co. now owns 226,096 shares of the real estate investment trust's stock valued at $6,812,000 after purchasing an additional 86,110 shares during the period. Finally, Barclays PLC increased its position in Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock worth $3,281,000 after purchasing an additional 82,887 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.
Getty Realty Trading Up 0.4 %
Shares of GTY stock traded up $0.12 during mid-day trading on Tuesday, reaching $28.68. The company's stock had a trading volume of 26,748 shares, compared to its average volume of 364,510. The company's 50 day simple moving average is $30.31 and its 200-day simple moving average is $31.00. 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 12-month low of $25.70 and a 12-month high of $33.85. The firm has a market capitalization of $1.58 billion, a PE ratio of 22.76 and a beta of 0.85.
Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates 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, research analysts predict 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 was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.56%. The ex-dividend date was Thursday, March 27th. Getty Realty's dividend payout ratio (DPR) is 149.21%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on GTY shares. KeyCorp upgraded shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price target on the stock in a report on Tuesday, December 17th. UBS Group started coverage on Getty Realty in a report on Friday, March 28th. They issued a "neutral" rating and a $32.00 target price on the stock. Finally, JMP Securities reissued a "market outperform" rating and set a $34.00 price target on shares of Getty Realty in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Getty Realty currently has an average rating of "Moderate Buy" and an average target price of $33.60.
Check Out Our Latest Stock Analysis on GTY
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