Free Trial

Vestcor Inc Makes New Investment in Getty Realty Corporation (NYSE:GTY)

Getty Realty logo with Finance background

Key Points

  • Vestcor Inc acquired a new stake in Getty Realty Corporation, purchasing 50,459 shares valued at approximately $1.57 million, which amounts to about 0.09% of the company.
  • Getty Realty recently announced a quarterly dividend of $0.47 per share, with a yield of 6.7% and a **dividend payout ratio** of 163.48%.
  • Analysts have set a consensus target price for Getty Realty shares at $32.33, with a mix of buy, hold, and sell ratings from different firms.
  • Want stock alerts on Getty Realty? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Vestcor Inc purchased a new position in Getty Realty Corporation (NYSE:GTY - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 50,459 shares of the real estate investment trust's stock, valued at approximately $1,573,000. Vestcor Inc owned approximately 0.09% of Getty Realty as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. GF Fund Management CO. LTD. bought a new position in Getty Realty in the 4th quarter valued at approximately $28,000. Sterling Capital Management LLC lifted its position in 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 valued at $48,000 after acquiring an additional 1,413 shares in the last quarter. Quarry LP lifted its position in Getty Realty by 468.0% in the 4th quarter. Quarry LP now owns 2,806 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 2,312 shares in the last quarter. Captrust Financial Advisors bought a new position in Getty Realty in the 4th quarter valued at approximately $209,000. Finally, D.A. Davidson & CO. bought a new position in Getty Realty in the 1st quarter valued at approximately $211,000. 85.11% of the stock is owned by institutional investors.

Getty Realty Stock Performance

Shares of NYSE:GTY traded up $0.39 during midday trading on Monday, hitting $28.43. The company had a trading volume of 56,938 shares, compared to its average volume of 375,400. 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 company has a market cap of $1.61 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.11 and a beta of 0.83. Getty Realty Corporation has a 12-month low of $26.42 and a 12-month high of $33.85. The company has a fifty day moving average of $28.20 and a two-hundred day moving average of $29.24.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $51.31 million during the quarter, compared to analysts' expectations of $51.59 million. Getty Realty had a return on equity of 6.87% and a net margin of 31.62%. On average, equities research analysts expect that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird lowered their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. KeyCorp lowered 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. Wall Street Zen cut Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, UBS Group lowered their price target on Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $32.33.

View Our Latest Research Report on GTY

About Getty Realty

(Free Report)

Featured Stories

Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

Should You Invest $1,000 in Getty Realty Right Now?

Before you consider Getty Realty, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Getty Realty wasn't on the list.

While Getty Realty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: All Signs Point to More Growth Ahead
3 Quiet Growth Stocks With Major Momentum
The Market’s Next Big Winners? Start Here

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines