Corton Capital Inc. Takes Position in Getty Realty Corp. (NYSE:GTY)

Corton Capital Inc. acquired a new position in Getty Realty Corp. (NYSE:GTY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,956 shares of the real estate investment trust's stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of Getty Realty by 923.7% during the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 1,210 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 1,216 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after buying an additional 592 shares during the period. 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 grew 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.

Wall Street Analyst Weigh In

Several research firms have commented on GTY. JMP Securities reissued a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. UBS Group assumed coverage on Getty Realty in a research report on Friday, March 28th. They set a "neutral" rating and a $32.00 target price for the company. KeyCorp decreased their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Robert W. Baird decreased 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 report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $33.00.

Getty Realty Trading Up 1.1 %

Shares of NYSE GTY traded up $0.30 during midday trading on Friday, hitting $28.60. The company's stock had a trading volume of 275,707 shares, compared to its average volume of 323,187. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1.59 billion, a P/E ratio of 22.70 and a beta of 0.83. The business's 50 day moving average is $29.35 and its two-hundred day moving average is $30.59.

Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.71 million. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. As a group, equities research analysts expect that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.57%. Getty Realty's payout ratio is 155.37%.

Getty Realty Company Profile