Getty Realty Corp. (NYSE:GTY) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in Getty Realty Corp. (NYSE:GTY) by 35.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,597 shares of the real estate investment trust’s stock after acquiring an additional 13,642 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Getty Realty worth $1,537,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in GTY. Commonwealth Equity Services LLC lifted its stake in shares of Getty Realty by 16.8% in the third quarter. Commonwealth Equity Services LLC now owns 10,230 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 1,469 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Getty Realty by 12.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,299 shares of the real estate investment trust’s stock worth $480,000 after acquiring an additional 1,909 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Getty Realty by 6.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,491 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 613 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Getty Realty by 11.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 30,846 shares of the real estate investment trust’s stock valued at $855,000 after purchasing an additional 3,136 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Getty Realty by 5.9% during the third quarter. Daiwa Securities Group Inc. now owns 14,655 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 813 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

Getty Realty stock opened at $28.15 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.37 and a current ratio of 3.37. Getty Realty Corp. has a fifty-two week low of $25.90 and a fifty-two week high of $35.56. The stock has a fifty day moving average of $27.06 and a two-hundred day moving average of $27.83. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 24.06 and a beta of 0.88.

Getty Realty (NYSE:GTY) last announced its earnings results on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. The firm had revenue of $48.97 million during the quarter, compared to analyst estimates of $46.63 million. During the same period in the previous year, the firm posted $0.56 EPS. On average, analysts anticipate that Getty Realty Corp. will post 2.31 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 27th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.80 dividend on an annualized basis and a yield of 6.39%. Getty Realty’s dividend payout ratio (DPR) is currently 153.85%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $33.00 price target on shares of Getty Realty in a research report on Monday, March 25th. StockNews.com upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

Getty Realty Profile