Oppenheimer & Co. Inc. increased its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 54.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,257 shares of the real estate investment trust's stock after buying an additional 10,709 shares during the period. Oppenheimer & Co. Inc. owned about 0.05% of Getty Realty worth $912,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of Getty Realty by 923.7% in the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 1,210 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Getty Realty by 66.2% in 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 period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Getty Realty by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 513 shares during the period. KBC Group NV boosted its holdings in shares of Getty Realty by 45.8% in the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust's stock valued at $69,000 after acquiring an additional 683 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Getty Realty by 21.6% in the third quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust's stock valued at $79,000 after acquiring an additional 441 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on GTY shares. JMP Securities reaffirmed 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 price target for the company in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.
Get Our Latest Stock Analysis on GTY
Getty Realty Price Performance
Shares of GTY stock traded up $0.31 during mid-day trading on Friday, reaching $31.36. The stock had a trading volume of 275,535 shares, compared to its average volume of 274,467. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85. The company has a market cap of $1.73 billion, a P/E ratio of 24.89 and a beta of 0.91. The business has a 50-day simple moving average of $30.60 and a 200 day simple moving average of $31.37. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94.
Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating 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, 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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty's dividend payout ratio is currently 149.21%.
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