ProShare Advisors LLC Has $7.67 Million Position in Getty Realty Corp. (NYSE:GTY)

ProShare Advisors LLC increased its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,680 shares of the real estate investment trust's stock after purchasing an additional 24,533 shares during the period. ProShare Advisors LLC owned about 0.46% of Getty Realty worth $7,674,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Fifth Third Bancorp boosted its stake in Getty Realty by 923.7% during the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after buying an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Getty Realty by 715.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 1,216 shares during the period. Loomis Sayles & Co. L P acquired a new position in Getty Realty in the fourth quarter worth about $45,000. Sterling Capital Management LLC raised its holdings in shares of Getty Realty by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock worth $48,000 after buying an additional 1,413 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Getty Realty by 246.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 1,799 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Robert W. Baird dropped their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. UBS Group lowered their target price on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, KeyCorp dropped their target price on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Getty Realty has an average rating of "Moderate Buy" and a consensus target price of $32.50.

Getty Realty Price Performance

GTY stock traded up $0.02 during midday trading on Friday, reaching $28.38. 67,566 shares of the company's stock traded hands, compared to its average volume of 327,376. The company has a 50-day simple moving average of $28.94 and a two-hundred day simple moving average of $30.38. 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 Corp. has a 1-year low of $25.70 and a 1-year high of $33.85. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 22.54 and a beta of 0.83.

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 earnings per share 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 firm had revenue of $52.33 million during the quarter, compared to analysts' expectations of $52.71 million. On average, analysts anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's dividend payout ratio (DPR) is presently 155.37%.

Getty Realty Profile