Raymond James Financial Inc. bought a new stake in Getty Realty Corp. (NYSE:GTY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,422 shares of the real estate investment trust's stock, valued at approximately $886,000. Raymond James Financial Inc. owned 0.05% of Getty Realty at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GTY. State Street Corp grew its stake in Getty Realty by 4.6% during the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust's stock valued at $126,411,000 after purchasing an additional 172,631 shares during the last quarter. Geode Capital Management LLC boosted its position in Getty Realty by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust's stock valued at $40,713,000 after buying an additional 16,252 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Getty Realty by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust's stock worth $24,727,000 after buying an additional 11,742 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its position in 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 buying an additional 99,530 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Getty Realty by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 586,780 shares of the real estate investment trust's stock valued at $17,680,000 after acquiring an additional 41,826 shares during the period. Hedge funds and other institutional investors own 85.11% of the company's stock.
Getty Realty Price Performance
Shares of NYSE:GTY traded up $0.62 during trading on Wednesday, reaching $28.15. 880,042 shares of the company's stock traded hands, compared to its average volume of 307,368. The firm has a market cap of $1.55 billion, a PE ratio of 22.34 and a beta of 0.85. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The company has a 50-day simple moving average of $30.49 and a 200-day simple moving average of $31.08.
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 EPS 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%. As a group, analysts predict that Getty Realty Corp. will post 2.29 earnings per share for the current year.
Getty Realty Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given 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 6.68%. Getty Realty's dividend payout ratio (DPR) is presently 149.21%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on GTY shares. JMP Securities restated a "market outperform" rating and set a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. KeyCorp raised Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price objective for the company in a report on Tuesday, December 17th. Finally, UBS Group initiated coverage on Getty Realty in a research report on Friday, March 28th. They set a "neutral" rating and a $32.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.60.
View Our Latest Stock Report on GTY
Getty Realty Company Profile
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