Bokf Na Boosts Stake in Getty Realty Corp. (NYSE:GTY)

BOKF NA lifted its stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,082 shares of the real estate investment trust's stock after buying an additional 9,501 shares during the quarter. BOKF NA owned about 0.21% of Getty Realty worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Getty Realty by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock valued at $39,095,000 after buying an additional 17,618 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Getty Realty by 33.9% in the fourth quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust's stock worth $8,361,000 after acquiring an additional 70,327 shares during the last quarter. Barclays PLC increased its holdings in shares of Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock valued at $3,281,000 after acquiring an additional 82,887 shares in the last quarter. abrdn plc raised its position in shares of Getty Realty by 30.6% in the 4th quarter. abrdn plc now owns 12,692 shares of the real estate investment trust's stock worth $380,000 after purchasing an additional 2,975 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Getty Realty by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust's stock worth $236,937,000 after purchasing an additional 48,491 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Getty Realty Stock Down 1.8%

Getty Realty stock traded down $0.52 during trading hours on Tuesday, reaching $28.01. The stock had a trading volume of 96,878 shares, compared to its average volume of 322,980. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 22.23 and a beta of 0.83. The business's 50 day moving average price is $29.30 and its 200-day moving average price is $30.54. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85. 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 released its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. The business had revenue of $52.33 million for 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.71%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's dividend payout ratio is currently 155.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GTY shares. Robert W. Baird lowered their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. UBS Group assumed coverage on shares of Getty Realty in a research report on Friday, March 28th. They set a "neutral" rating and a $32.00 price objective on the stock. Finally, KeyCorp reduced their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Getty Realty presently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

Getty Realty Profile