Natixis Advisors LLC boosted its stake in Getty Realty Corporation (NYSE:GTY - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 577,696 shares of the real estate investment trust's stock after purchasing an additional 23,449 shares during the quarter. Natixis Advisors LLC owned about 1.04% of Getty Realty worth $18,013,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of GTY. GF Fund Management CO. LTD. acquired a new position in Getty Realty during the 4th quarter worth approximately $28,000. Sterling Capital Management LLC lifted its position in shares of Getty Realty by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 1,413 shares in the last quarter. Quarry LP boosted its stake in shares of Getty Realty by 468.0% in the fourth quarter. Quarry LP now owns 2,806 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 2,312 shares during the period. D.A. Davidson & CO. purchased a new position in shares of Getty Realty in the first quarter valued at $211,000. Finally, Captrust Financial Advisors acquired a new stake in Getty Realty during the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 85.11% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on GTY shares. KeyCorp reduced 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. Wall Street Zen lowered Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Robert W. Baird decreased their price target on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group dropped their price target on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $32.33.
Read Our Latest Report on GTY
Getty Realty Stock Performance
Shares of NYSE GTY traded down $0.13 during mid-day trading on Wednesday, hitting $28.33. The company had a trading volume of 71,801 shares, compared to its average volume of 374,156. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 2.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The firm's 50 day simple moving average is $28.19 and its two-hundred day simple moving average is $29.22.
Getty Realty (NYSE:GTY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Getty Realty had a return on equity of 6.87% and a net margin of 31.62%. The company had revenue of $51.31 million during the quarter, compared to analyst estimates of $51.59 million. As a group, equities research analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current year.
Getty Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.6%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is currently 163.48%.
Getty Realty Company Profile
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