Bank of America Corp DE increased its holdings in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,480 shares of the real estate investment trust's stock after acquiring an additional 43,073 shares during the period. Bank of America Corp DE owned about 0.41% of Getty Realty worth $6,824,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Geode Capital Management LLC grew 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 worth $39,095,000 after acquiring an additional 17,618 shares during the last quarter. JPMorgan Chase & Co. grew its position in Getty Realty by 33.9% during the 4th 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 grew its position in Getty Realty by 409.6% during the 3rd quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock worth $3,281,000 after acquiring an additional 82,887 shares during the last quarter. abrdn plc grew its position in Getty Realty by 30.6% during the 4th quarter. abrdn plc now owns 12,692 shares of the real estate investment trust's stock worth $380,000 after acquiring an additional 2,975 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Getty Realty by 0.6% during 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 acquiring an additional 48,491 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.
Getty Realty Trading Up 0.3%
GTY traded up $0.10 during mid-day trading on Friday, reaching $29.25. The stock had a trading volume of 275,806 shares, compared to its average volume of 328,684. The stock has a market capitalization of $1.62 billion, a P/E ratio of 23.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The firm's fifty day simple moving average is $28.74 and its two-hundred day simple moving average is $30.25. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85.
Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, meeting analysts' consensus estimates of $0.59. The firm had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. On average, equities analysts predict that Getty Realty Corp. will post 2.29 EPS for the current year.
Getty Realty Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a dividend yield of 6.43%. Getty Realty's dividend payout ratio is currently 155.37%.
Analyst Ratings Changes
GTY has been the topic of a number of research analyst reports. Robert W. Baird decreased their price target on 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 decreased their price target on Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, KeyCorp decreased their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Getty Realty has an average rating of "Moderate Buy" and a consensus target price of $32.50.
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