Getty Realty Corporation (NYSE:GTY) Holdings Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Getty Realty Corporation (NYSE:GTY - Free Report) by 13.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 311,695 shares of the real estate investment trust's stock after purchasing an additional 36,638 shares during the period. Envestnet Asset Management Inc. owned about 0.57% of Getty Realty worth $9,719,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Getty Realty in the 4th quarter valued at approximately $359,000. Raymond James Financial Inc. acquired a new position in Getty Realty in the fourth quarter valued at about $886,000. HighTower Advisors LLC grew its holdings in shares of Getty Realty by 0.6% during the fourth quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust's stock worth $1,904,000 after purchasing an additional 391 shares during the last quarter. Swiss National Bank grew its holdings in shares of Getty Realty by 1.1% during the fourth quarter. Swiss National Bank now owns 101,209 shares of the real estate investment trust's stock worth $3,049,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Getty Realty in the fourth quarter worth approximately $1,112,000. 85.11% of the stock is owned by institutional investors.

Getty Realty Trading Up 1.7%

Getty Realty stock traded up $0.46 during mid-day trading on Thursday, hitting $27.68. The company's stock had a trading volume of 196,984 shares, compared to its average volume of 370,627. The firm has a market capitalization of $1.53 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.60 and a beta of 0.82. Getty Realty Corporation has a 1 year low of $26.42 and a 1 year high of $33.85. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.94. The stock's fifty day moving average is $28.33 and its two-hundred day moving average is $29.35.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The firm had revenue of $51.31 million for the quarter, compared to analysts' expectations of $51.59 million. Getty Realty had a return on equity of 7.21% and a net margin of 33.44%. On average, analysts anticipate that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.79%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is presently 155.37%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GTY. UBS Group reduced their price objective on Getty Realty from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. KeyCorp lowered their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Finally, 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 note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.33.

Getty Realty Profile