Segall Bryant & Hamill LLC Purchases Shares of 51,475 Getty Realty Corp. (NYSE:GTY)

Segall Bryant & Hamill LLC purchased a new position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 51,475 shares of the real estate investment trust's stock, valued at approximately $1,637,000. Segall Bryant & Hamill LLC owned approximately 0.09% of Getty Realty as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Avior Wealth Management LLC lifted its stake in Getty Realty by 23.3% in the 3rd quarter. Avior Wealth Management LLC now owns 28,215 shares of the real estate investment trust's stock valued at $898,000 after purchasing an additional 5,328 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Getty Realty by 36.1% during the third quarter. Quest Partners LLC now owns 39,259 shares of the real estate investment trust's stock worth $1,249,000 after buying an additional 10,404 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Getty Realty by 38.1% in the 3rd quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust's stock valued at $19,182,000 after acquiring an additional 166,345 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Getty Realty by 21.6% during the 3rd 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 in the last quarter. Finally, KBC Group NV grew its position in Getty Realty by 45.8% during the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust's stock worth $69,000 after acquiring an additional 683 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Trading Down 0.5 %

Shares of NYSE GTY traded down $0.15 during trading on Friday, reaching $32.55. The company had a trading volume of 154,340 shares, compared to its average volume of 237,714. The stock has a market cap of $1.79 billion, a P/E ratio of 27.82 and a beta of 0.91. The company's fifty day moving average price is $31.82 and its 200-day moving average price is $30.02. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.23.

Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.28). The firm had revenue of $51.47 million for the quarter, compared to analyst estimates of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same period in the prior year, the company posted $0.57 EPS. As a group, research analysts expect that Getty Realty Corp. will post 2.22 earnings per share for the current year.

Getty Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Thursday, December 26th. This is an increase from Getty Realty's previous quarterly dividend of $0.45. Getty Realty's dividend payout ratio (DPR) is currently 153.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GTY shares. JPMorgan Chase & Co. increased their target price on Getty Realty from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Bank of America upgraded shares of Getty Realty from a "neutral" rating to a "buy" rating and raised their price objective for the company from $31.00 to $34.00 in a report on Monday, October 21st.

About Getty Realty