Zurcher Kantonalbank Zurich Cantonalbank Raises Position in Getty Realty Corp. (NYSE:GTY)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 44.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,068 shares of the real estate investment trust's stock after buying an additional 8,313 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Getty Realty were worth $816,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GTY. Fifth Third Bancorp lifted its holdings in Getty Realty by 923.7% during the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after buying an additional 1,210 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 1,216 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Getty Realty by 66.2% during the 4th 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 lifted its stake in 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 during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Getty Realty by 246.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 1,799 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

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Getty Realty Stock Performance

Shares of GTY stock traded down $0.13 during trading hours on Tuesday, hitting $30.48. The stock had a trading volume of 368,648 shares, compared to its average volume of 276,227. The firm has a market capitalization of $1.68 billion, a PE ratio of 24.19 and a beta of 0.91. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85. The stock's 50 day moving average is $30.80 and its 200 day moving average is $31.30. 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 quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.17%. Getty Realty's payout ratio is 149.21%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GTY shares. KeyCorp raised shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price objective on the stock in a report on Tuesday, December 17th. JMP Securities reiterated a "market outperform" rating and set a $34.00 price target on shares of Getty Realty in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.00.

About Getty Realty