Vestcor Inc Takes Position in Getty Realty Corporation (NYSE:GTY)

Vestcor Inc purchased a new stake in Getty Realty Corporation (NYSE:GTY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,459 shares of the real estate investment trust's stock, valued at approximately $1,573,000. Vestcor Inc owned about 0.09% of Getty Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. BROOKFIELD Corp ON acquired a new position in Getty Realty in the 4th quarter worth about $14,988,000. Marshall Wace LLP grew its stake in shares of Getty Realty by 78.8% in the 4th quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust's stock valued at $15,435,000 after buying an additional 225,752 shares during the period. Norges Bank purchased a new stake in shares of Getty Realty in the 4th quarter valued at approximately $5,217,000. Northern Trust Corp grew its stake in shares of Getty Realty by 23.5% in the 4th quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust's stock valued at $21,774,000 after buying an additional 137,427 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of Getty Realty by 56.2% in the 4th quarter. Two Sigma Advisers LP now owns 360,000 shares of the real estate investment trust's stock valued at $10,847,000 after buying an additional 129,500 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Up 0.8%

NYSE:GTY traded up $0.23 during midday trading on Friday, hitting $28.02. 359,150 shares of the company were exchanged, compared to its average volume of 427,989. The company has a fifty day simple moving average of $28.20 and a 200 day simple moving average of $29.26. Getty Realty Corporation has a fifty-two week low of $26.42 and a fifty-two week high of $33.85. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.59 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 2.09 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $51.31 million for the quarter, compared to analysts' expectations of $51.59 million. As a group, equities analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is presently 163.48%.

Analysts Set New Price Targets

Several analysts have recently weighed in on GTY shares. Robert W. Baird dropped 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 note on Thursday, April 24th. UBS Group reduced their target price on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. KeyCorp reduced their target price on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $32.33.

About Getty Realty