Northern Trust Corp Has $21.77 Million Stake in Getty Realty Corp. (NYSE:GTY)

Northern Trust Corp grew its holdings in Getty Realty Corp. (NYSE:GTY - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 722,654 shares of the real estate investment trust's stock after buying an additional 137,427 shares during the quarter. Northern Trust Corp owned approximately 1.31% of Getty Realty worth $21,774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp boosted its stake in shares of Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 1,210 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after buying an additional 1,216 shares during the period. GAMMA Investing LLC grew its position in shares of Getty Realty by 66.2% during the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after buying an additional 592 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of Getty Realty during the 4th quarter worth approximately $45,000. Finally, Sterling Capital Management LLC grew its position in shares of Getty Realty by 821.5% during 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 during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Up 1.8%

GTY traded up $0.51 during trading on Friday, reaching $29.02. The company had a trading volume of 473,208 shares, compared to its average volume of 327,148. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85. The business's fifty day moving average price is $29.08 and its 200 day moving average price is $30.44. The company has a market cap of $1.61 billion, a P/E ratio of 23.03 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $52.71 million. Equities analysts anticipate that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.48%. Getty Realty's dividend payout ratio (DPR) is presently 155.37%.

Analyst Ratings Changes

Several brokerages have recently commented on GTY. KeyCorp lowered their price target 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. UBS Group reduced their price objective on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Robert W. Baird reduced their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Getty Realty currently has an average rating of "Moderate Buy" and a consensus target price of $32.50.

Getty Realty Company Profile