Teacher Retirement System of Texas acquired a new position in Getty Realty Corp. (NYSE:GTY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,894 shares of the real estate investment trust's stock, valued at approximately $1,112,000. Teacher Retirement System of Texas owned approximately 0.07% of Getty Realty as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in shares of Getty Realty by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust's stock worth $1,904,000 after purchasing an additional 391 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Getty Realty by 1.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust's stock valued at $738,000 after buying an additional 400 shares in the last quarter. GAMMA Investing LLC raised its position in Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 592 shares in the last quarter. KBC Group NV raised its position in Getty Realty by 42.4% during the fourth quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 922 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Getty Realty by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 52,913 shares of the real estate investment trust's stock valued at $1,593,000 after acquiring an additional 1,009 shares during the last quarter. Institutional investors own 85.11% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on GTY shares. JMP Securities reaffirmed a "market outperform" rating and issued a $34.00 target price on shares of Getty Realty in a report on Friday, January 10th. UBS Group assumed coverage on Getty Realty in a research note on Friday, March 28th. They set a "neutral" rating and a $32.00 target price for the company. Finally, KeyCorp upgraded Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price target on the stock in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Getty Realty presently has a consensus rating of "Moderate Buy" and an average price target of $33.60.
View Our Latest Stock Report on GTY
Getty Realty Stock Performance
Shares of NYSE:GTY traded down $0.35 during trading on Wednesday, reaching $30.58. 455,301 shares of the stock were exchanged, compared to its average volume of 298,570. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85. The stock has a 50-day moving average price of $30.81 and a 200-day moving average price of $31.25. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1.68 billion, a PE ratio of 24.27 and a beta of 0.91.
Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.
Getty Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty's dividend payout ratio (DPR) is 149.21%.
Getty Realty Profile
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