Uniplan Investment Counsel Inc. Invests $1.42 Million in Getty Realty Corp. (NYSE:GTY)

Uniplan Investment Counsel Inc. acquired a new stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 47,073 shares of the real estate investment trust's stock, valued at approximately $1,418,000. Uniplan Investment Counsel Inc. owned approximately 0.09% of Getty Realty at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stifel Financial Corp lifted its holdings in shares of Getty Realty by 19.1% in the fourth quarter. Stifel Financial Corp now owns 236,702 shares of the real estate investment trust's stock valued at $7,132,000 after purchasing an additional 37,941 shares in the last quarter. MetLife Investment Management LLC raised its position in Getty Realty by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 31,702 shares of the real estate investment trust's stock valued at $955,000 after buying an additional 1,804 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Getty Realty by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock valued at $22,640,000 after acquiring an additional 10,552 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Getty Realty by 3.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 107,597 shares of the real estate investment trust's stock worth $3,242,000 after acquiring an additional 3,633 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Getty Realty by 78.8% during the 4th quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust's stock worth $15,435,000 after acquiring an additional 225,752 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group started coverage on shares of Getty Realty in a report on Friday, March 28th. They set a "neutral" rating and a $32.00 target price for the company. JMP Securities restated a "market outperform" rating and issued a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.60.

Getty Realty Stock Performance

Shares of GTY stock opened at $28.77 on Wednesday. The company has a fifty day moving average price of $30.06 and a two-hundred day moving average price of $30.89. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The stock has a market cap of $1.58 billion, a P/E ratio of 22.83 and a beta of 0.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28.

Getty Realty (NYSE:GTY - Get Free Report) last issued its 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 net margin of 34.94% and a return on equity of 7.43%. As a group, equities analysts predict that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.54%. Getty Realty's dividend payout ratio is 149.21%.

Getty Realty Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.