Proficio Capital Partners LLC purchased a new stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,931 shares of the real estate investment trust's stock, valued at approximately $359,000.
Other hedge funds have also modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Getty Realty by 17.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust's stock valued at $20,525,000 after buying an additional 99,530 shares during the period. Jones Financial Companies Lllp lifted its holdings in 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. Smartleaf Asset Management LLC boosted its position in Getty Realty by 715.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 1,216 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Getty Realty by 54.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 30,257 shares of the real estate investment trust's stock worth $912,000 after purchasing an additional 10,709 shares during the period. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Getty Realty by 4.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 26,537 shares of the real estate investment trust's stock worth $800,000 after purchasing an additional 1,025 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.
Getty Realty Price Performance
Shares of NYSE GTY traded up $0.07 during trading on Friday, hitting $30.64. The company had a trading volume of 448,559 shares, compared to its average volume of 296,434. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 24.32 and a beta of 0.91. The stock has a fifty day simple moving average of $30.80 and a two-hundred day simple moving average of $31.27. 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 fifty-two week low of $25.70 and a fifty-two week high of $33.85.
Getty Realty (NYSE:GTY - Get Free Report) last posted 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, research analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current year.
Getty Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty's dividend payout ratio is currently 149.21%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. UBS Group initiated coverage on shares of Getty Realty in a report on Friday. They set a "neutral" rating and a $32.00 price target on the stock. 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. Finally, KeyCorp upgraded Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 target price on the stock in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Getty Realty presently has an average rating of "Moderate Buy" and a consensus target price of $33.60.
Read Our Latest Stock Report on GTY
Getty Realty Company Profile
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