B&I Capital AG Purchases 57,450 Shares of Getty Realty Corporation (NYSE:GTY)

B&I Capital AG raised its holdings in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 42.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,680 shares of the real estate investment trust's stock after buying an additional 57,450 shares during the period. Getty Realty comprises 2.0% of B&I Capital AG's portfolio, making the stock its 22nd largest holding. B&I Capital AG owned 0.35% of Getty Realty worth $6,008,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GTY. HighTower Advisors LLC increased its position in shares of Getty Realty by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust's stock valued at $1,904,000 after purchasing an additional 391 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Getty Realty by 0.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust's stock valued at $2,173,000 after acquiring an additional 519 shares in the last quarter. American Century Companies Inc. boosted its stake in Getty Realty by 3.4% in the fourth quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust's stock valued at $489,000 after acquiring an additional 533 shares in the last quarter. Cetera Investment Advisers increased its stake in Getty Realty by 4.7% during the 4th quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock valued at $375,000 after purchasing an additional 561 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Getty Realty by 8.2% during the fourth quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock worth $248,000 after purchasing an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. KeyCorp cut their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Robert W. Baird dropped their target price on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, UBS Group dropped their target price on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Getty Realty presently has a consensus rating of "Moderate Buy" and an average target price of $32.33.

Getty Realty Stock Performance

Shares of NYSE GTY traded up $0.34 during mid-day trading on Tuesday, hitting $27.29. The company had a trading volume of 319,205 shares, compared to its average volume of 341,303. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.44 and a quick ratio of 2.44. The business's 50-day simple moving average is $28.36 and its 200-day simple moving average is $29.38. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85. The firm has a market cap of $1.51 billion, a P/E ratio of 22.55, a PEG ratio of 2.56 and a beta of 0.82.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, meeting analysts' consensus estimates of $0.59. The business had revenue of $52.33 million for the quarter, compared to analysts' expectations of $52.71 million. Getty Realty had a net margin of 33.44% and a return on equity of 7.21%. As a group, analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.89%. Getty Realty's dividend payout ratio is currently 155.37%.

Getty Realty Company Profile