Lazard Asset Management LLC Acquires 15,181 Shares of Getty Realty Corp. (NYSE:GTY)

Lazard Asset Management LLC lifted its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 272.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,745 shares of the real estate investment trust's stock after purchasing an additional 15,181 shares during the quarter. Lazard Asset Management LLC's holdings in Getty Realty were worth $625,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Getty Realty by 0.6% during the fourth 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. Geode Capital Management LLC boosted its position in shares of Getty Realty by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock worth $39,095,000 after purchasing an additional 17,618 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Getty Realty by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock worth $22,640,000 after purchasing an additional 10,552 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Getty Realty by 21.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust's stock worth $21,824,000 after purchasing an additional 125,491 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Getty Realty by 23.5% during the fourth quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust's stock worth $21,774,000 after purchasing an additional 137,427 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Getty Realty Stock Up 2.2%

GTY traded up $0.63 during trading on Tuesday, hitting $29.19. The company had a trading volume of 306,523 shares, compared to its average volume of 329,130. The company has a market capitalization of $1.62 billion, a PE ratio of 23.16 and a beta of 0.83. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The firm's 50-day moving average price is $28.82 and its 200 day moving average price is $30.31. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, meeting 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 analysts' expectations of $52.71 million. As a group, equities analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.44%. Getty Realty's dividend payout ratio (DPR) is presently 155.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GTY. UBS Group reduced their price target on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Robert W. Baird cut 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. Finally, KeyCorp cut their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.

Getty Realty Profile