Natixis Advisors LLC Boosts Position in Getty Realty Corporation (NYSE:GTY)

Key Points

• Natixis Advisors LLC increased its stake in Getty Realty Corporation by 4.2% in the first quarter, owning 577,696 shares valued at approximately $18 million.
• Despite a reported earnings per share of $0.59 that missed estimates, Getty Realty announced a quarterly dividend of $0.47, reflecting an annualized yield of 6.7%.
• Research analysts have issued mixed ratings on Getty Realty, with one downgrade to "sell" and a consensus rating of "Hold", alongside an average price target of $32.33.

Natixis Advisors LLC boosted its stake in Getty Realty Corporation (NYSE:GTY - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 approximately 1.04% of Getty Realty worth $18,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Getty Realty by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust's stock valued at $236,937,000 after acquiring an additional 48,491 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Getty Realty by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock valued at $39,095,000 after acquiring an additional 17,618 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Getty Realty by 0.7% during the 1st quarter. Brown Advisory Inc. now owns 778,816 shares of the real estate investment trust's stock valued at $24,283,000 after buying an additional 5,281 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Getty Realty by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock valued at $22,640,000 after buying an additional 10,552 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Getty Realty by 21.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust's stock valued at $21,824,000 after buying an additional 125,491 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Trading Up 1.9%

GTY traded up $0.53 on Monday, hitting $28.57. 302,248 shares of the company were exchanged, compared to its average volume of 377,106. The firm has a fifty day simple moving average of $28.20 and a two-hundred day simple moving average of $29.24. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85. The stock has a market capitalization of $1.62 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $51.59 million. Sell-side analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is currently 163.48%.

Wall Street Analysts Forecast Growth

GTY has been the topic of a number of research reports. Wall Street Zen cut Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. UBS Group decreased their price objective on Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Robert W. Baird decreased their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, KeyCorp decreased their price objective on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $32.33.

Getty Realty Company Profile