Stifel Financial Corp Grows Stake in Getty Realty Corp. (NYSE:GTY)

Stifel Financial Corp increased its stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 79.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 198,761 shares of the real estate investment trust's stock after purchasing an additional 88,253 shares during the period. Stifel Financial Corp owned 0.36% of Getty Realty worth $6,323,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Getty Realty in the second quarter worth $29,000. Point72 Hong Kong Ltd purchased a new stake in shares of Getty Realty in the 2nd quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Getty Realty by 34.7% during the 3rd 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 last quarter. KBC Group NV grew its holdings in shares of Getty Realty by 45.8% during the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust's stock worth $69,000 after purchasing an additional 683 shares in the last quarter. Finally, Huntington National Bank increased its position 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 worth $79,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 85.11% of the company's stock.

Getty Realty Price Performance

Shares of GTY stock traded down $0.14 during trading hours on Friday, hitting $32.06. 235,316 shares of the company's stock were exchanged, compared to its average volume of 280,548. The company has a market capitalization of $1.76 billion, a PE ratio of 27.40 and a beta of 0.92. The company has a current ratio of 2.44, a quick 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 $33.85. The business's 50 day simple moving average is $31.99 and its 200-day simple moving average is $30.44.

Getty Realty (NYSE:GTY - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.28). Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. The business had revenue of $51.47 million during the quarter, compared to analysts' expectations of $49.79 million. During the same quarter in the previous year, the business earned $0.57 EPS. On average, equities research analysts anticipate that Getty Realty Corp. will post 2.23 earnings per share for the current year.

Getty Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, December 26th. This is a boost from Getty Realty's previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 5.86%. Getty Realty's dividend payout ratio is currently 153.85%.

Analyst Ratings Changes

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

About Getty Realty