Swiss National Bank Purchases 1,700 Shares of Getty Realty Corp. (NYSE:GTY)

Swiss National Bank boosted its position in Getty Realty Corp. (NYSE:GTY – Get Rating) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,909 shares of the real estate investment trust’s stock after acquiring an additional 1,700 shares during the period. Swiss National Bank owned 0.21% of Getty Realty worth $3,247,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new position in Getty Realty in the fourth quarter worth approximately $52,000. Gradient Investments LLC lifted its holdings in shares of Getty Realty by 39.8% in the fourth quarter. Gradient Investments LLC now owns 1,762 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 502 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Getty Realty in the second quarter valued at approximately $75,000. Shufro Rose & Co. LLC bought a new position in shares of Getty Realty in the fourth quarter valued at approximately $203,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Getty Realty in the fourth quarter valued at approximately $215,000. Institutional investors own 74.40% of the company’s stock.

Analyst Ratings Changes

GTY has been the topic of a number of recent research reports. StockNews.com initiated coverage on Getty Realty in a report on Thursday, May 18th. They issued a “hold” rating on the stock. 1-800-FLOWERS.COM reaffirmed a “reiterates” rating on shares of Getty Realty in a research report on Thursday, April 27th. JMP Securities increased their price target on Getty Realty from $37.00 to $39.00 and gave the company a “market outperform” rating in a research report on Tuesday, March 21st. Finally, BTIG Research downgraded Getty Realty from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 1st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.33.

Getty Realty Stock Performance

NYSE:GTY opened at $34.19 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.02 and a quick ratio of 3.02. The business has a fifty day simple moving average of $34.29 and a two-hundred day simple moving average of $34.22. Getty Realty Corp. has a 1 year low of $24.89 and a 1 year high of $36.49. The company has a market capitalization of $1.69 billion, a P/E ratio of 19.43 and a beta of 0.89.

Getty Realty (NYSE:GTY – Get Rating) last released its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $42.56 million during the quarter, compared to the consensus estimate of $41.88 million. Getty Realty had a return on equity of 11.00% and a net margin of 50.43%. On average, analysts expect that Getty Realty Corp. will post 2.13 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 22nd will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Wednesday, June 21st. Getty Realty’s dividend payout ratio (DPR) is presently 97.73%.

About Getty Realty

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Getty Realty Corp. operates as a real estate investment trust. It engages in the acquisition, owning, selling, and leasing of convenience store and gas service station properties. The firm operates through the following brands: 76, BP, Citgo, Conoco, Exxon, Gulf, Mobil, Sunoco, Chevron, Global, Fas Mart, Aloha, United Oil, RaceTrac, and Valero.