Quantbot Technologies LP grew its stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 232.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,755 shares of the real estate investment trust's stock after buying an additional 22,904 shares during the quarter. Quantbot Technologies LP owned 0.06% of Getty Realty worth $987,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of GTY. Intech Investment Management LLC bought a new position in Getty Realty during the 3rd quarter worth approximately $616,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Getty Realty by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust's stock valued at $24,727,000 after acquiring an additional 11,742 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Getty Realty by 8.3% in the third quarter. Daiwa Securities Group Inc. now owns 16,635 shares of the real estate investment trust's stock worth $529,000 after acquiring an additional 1,280 shares during the period. FMR LLC boosted its holdings in Getty Realty by 80.1% in the third quarter. FMR LLC now owns 4,201 shares of the real estate investment trust's stock valued at $134,000 after acquiring an additional 1,869 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Getty Realty by 8.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,755 shares of the real estate investment trust's stock valued at $597,000 after purchasing an additional 1,435 shares during the period. 85.11% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on GTY. KeyCorp raised shares of 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. JMP Securities reaffirmed a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. Finally, UBS Group assumed coverage on Getty Realty in a report on Friday. They set a "neutral" rating and a $32.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Getty Realty currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.60.
View Our Latest Research Report on Getty Realty
Getty Realty Stock Up 0.2 %
GTY traded up $0.07 during midday trading on Friday, reaching $30.64. The company's stock had a trading volume of 448,559 shares, compared to its average volume of 296,434. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The stock's 50-day moving average is $30.80 and its 200-day moving average is $31.27. 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 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 posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share 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%. As a group, research analysts expect that Getty Realty Corp. will post 2.29 EPS for the current year.
Getty Realty Dividend Announcement
The business 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 annualized dividend and a dividend yield of 6.13%. The ex-dividend date is Thursday, March 27th. Getty Realty's dividend payout ratio is presently 149.21%.
Getty Realty Profile
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