Segall Bryant & Hamill LLC Grows Stock Holdings in Getty Realty Corporation (NYSE:GTY)

Segall Bryant & Hamill LLC lifted its position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 68.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,881 shares of the real estate investment trust's stock after acquiring an additional 35,406 shares during the quarter. Segall Bryant & Hamill LLC owned 0.16% of Getty Realty worth $2,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GF Fund Management CO. LTD. acquired a new position in Getty Realty in the fourth quarter worth about $28,000. Loomis Sayles & Co. L P bought a new position in shares of Getty Realty during the fourth quarter valued at approximately $45,000. Sterling Capital Management LLC grew its holdings 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 valued at $48,000 after purchasing an additional 1,413 shares during the last quarter. Quarry LP grew its holdings in shares of Getty Realty by 468.0% during 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 last quarter. Finally, Captrust Financial Advisors bought a new position in shares of Getty Realty during the fourth quarter valued at approximately $209,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analysts Set New Price Targets

GTY has been the topic of several research reports. KeyCorp dropped their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird decreased their price objective 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 cut their price target on Getty Realty from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $32.33.

Getty Realty Stock Up 1.2%

GTY stock traded up $0.34 during mid-day trading on Tuesday, reaching $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. Getty Realty Corporation has a 52 week low of $26.42 and a 52 week high of $33.85. The stock has a 50 day simple moving average of $28.36 and a two-hundred day simple moving average of $29.38. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.56 and a beta of 0.82.

Getty Realty (NYSE:GTY - Get Free Report) last announced 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. The firm had revenue of $52.33 million during the quarter, compared to analysts' expectations of $52.71 million. Getty Realty had a return on equity of 7.21% and a net margin of 33.44%. As a group, equities 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 declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.89%. Getty Realty's dividend payout ratio (DPR) is currently 155.37%.

About Getty Realty