964 Shares in Getty Realty Corp. (NYSE:GTY) Acquired by Wipfli Financial Advisors LLC

Wipfli Financial Advisors LLC bought a new position in shares of Getty Realty Corp. (NYSE:GTYGet Rating) during the third quarter, Holdings Channel.com reports. The fund bought 964 shares of the real estate investment trust’s stock, valued at approximately $26,000.

A number of other large investors have also recently made changes to their positions in GTY. Meeder Asset Management Inc. increased its stake in shares of Getty Realty by 110.8% during the second quarter. Meeder Asset Management Inc. now owns 936 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 492 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of Getty Realty during the second quarter worth approximately $71,000. Captrust Financial Advisors purchased a new stake in shares of Getty Realty during the second quarter worth approximately $75,000. Mutual of America Capital Management LLC increased its stake in shares of Getty Realty by 20.1% during the second quarter. Mutual of America Capital Management LLC now owns 6,829 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 1,145 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Getty Realty during the first quarter worth approximately $202,000. 74.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on GTY shares. LADENBURG THALM/SH SH cut their target price on shares of Getty Realty from $35.50 to $34.00 in a research note on Tuesday, November 1st. BTIG Research reduced their price objective on shares of Getty Realty from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, October 14th. Robert W. Baird downgraded shares of Getty Realty from an “outperform” rating to a “neutral” rating and increased their target price for the company from $33.00 to $34.00 in a research report on Thursday, January 5th. JMP Securities increased their target price on shares of Getty Realty from $34.00 to $37.00 and gave the company a “market outperform” rating in a research report on Thursday, January 5th. Finally, Royal Bank of Canada increased their target price on shares of Getty Realty from $27.00 to $30.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Getty Realty has an average rating of “Hold” and an average target price of $33.00.

Getty Realty Stock Up 1.6 %

Shares of NYSE:GTY opened at $35.49 on Friday. The stock has a market cap of $1.66 billion, a P/E ratio of 21.13, a P/E/G ratio of 2.75 and a beta of 0.85. The firm has a fifty day moving average price of $33.84 and a 200 day moving average price of $30.67. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.12 and a quick ratio of 2.12. Getty Realty Corp. has a 1-year low of $24.66 and a 1-year high of $35.77.

Getty Realty (NYSE:GTYGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.23). The business had revenue of $41.53 million for the quarter, compared to analyst estimates of $41.39 million. Getty Realty had a return on equity of 10.77% and a net margin of 49.91%. Sell-side analysts predict that Getty Realty Corp. will post 2.34 EPS for the current year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Thursday, December 22nd were paid a dividend of $0.43 per share. The ex-dividend date was Wednesday, December 21st. This represents a $1.72 dividend on an annualized basis and a yield of 4.85%. This is a boost from Getty Realty’s previous quarterly dividend of $0.41. Getty Realty’s dividend payout ratio is currently 102.38%.

Getty Realty Profile

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Further Reading

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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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