Wealthfront Advisers LLC Invests $2.36 Million in Getty Realty Corp. (NYSE:GTY)

Wealthfront Advisers LLC purchased a new stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78,446 shares of the real estate investment trust's stock, valued at approximately $2,364,000. Wealthfront Advisers LLC owned about 0.14% of Getty Realty as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of GTY. State Street Corp increased its holdings in shares of Getty Realty by 4.6% during the third quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust's stock valued at $126,411,000 after acquiring an additional 172,631 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Getty Realty by 1.3% during 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 acquiring an additional 16,252 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Getty Realty by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust's stock valued at $24,727,000 after acquiring an additional 11,742 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Getty Realty by 17.1% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust's stock valued at $20,525,000 after acquiring an additional 99,530 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Getty Realty by 38.1% during the third 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 in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JMP Securities restated a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. KeyCorp upgraded shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price target on the stock in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Getty Realty currently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

Getty Realty Stock Performance

NYSE:GTY traded down $0.21 during midday trading on Wednesday, hitting $30.58. The company's stock had a trading volume of 372,369 shares, compared to its average volume of 273,588. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The firm's 50 day moving average is $30.72 and its 200-day moving average is $31.34. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market cap of $1.68 billion, a P/E ratio of 24.27 and a beta of 0.91.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping 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%. Equities analysts anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.47 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.15%. Getty Realty's payout ratio is 149.21%.

Getty Realty Company Profile