Beck Bode LLC bought a new stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 43,731 shares of the real estate investment trust's stock, valued at approximately $1,318,000. Beck Bode LLC owned about 0.08% of Getty Realty as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of GTY. Fifth Third Bancorp grew its position in Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 1,210 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Getty Realty by 715.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 1,216 shares during the period. GAMMA Investing LLC grew its holdings in shares of Getty Realty by 66.2% in the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 592 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Getty Realty in the fourth quarter worth about $45,000. Finally, Sterling Capital Management LLC lifted its holdings in Getty Realty by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 1,413 shares in the last quarter. 85.11% of the stock is owned by institutional investors.
Getty Realty Stock Up 0.2 %
GTY stock traded up $0.07 during trading on Wednesday, hitting $28.26. 420,600 shares of the company's stock traded hands, compared to its average volume of 322,066. The business has a fifty day simple moving average of $29.53 and a two-hundred day simple moving average of $30.66. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $1.57 billion, a P/E ratio of 22.43 and a beta of 0.83. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85.
Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. The firm had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.71 million. Sell-side analysts anticipate that Getty Realty Corp. will post 2.29 EPS for the current year.
Getty Realty Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's dividend payout ratio is currently 155.37%.
Wall Street Analyst Weigh In
A number of brokerages have commented on GTY. Robert W. Baird dropped their target price on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. JMP Securities reissued a "market outperform" rating and issued a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. KeyCorp decreased their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, UBS Group initiated coverage on Getty Realty in a research report on Friday, March 28th. They set a "neutral" rating and a $32.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.
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