Stifel Financial Corp Raises Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Stifel Financial Corp raised its stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 236,702 shares of the real estate investment trust's stock after acquiring an additional 37,941 shares during the quarter. Stifel Financial Corp owned approximately 0.43% of Getty Realty worth $7,132,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Getty Realty by 923.7% in the fourth 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 boosted its position in shares of 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. GAMMA Investing LLC raised its position in shares of Getty Realty by 66.2% in the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 592 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Getty Realty during the fourth quarter worth about $45,000. Finally, Sterling Capital Management LLC increased its stake in Getty Realty by 821.5% in 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 acquiring an additional 1,413 shares during the last quarter. Institutional investors own 85.11% of the company's stock.

Getty Realty Stock Performance

Shares of GTY stock traded up $0.19 during trading on Thursday, reaching $28.18. 502,833 shares of the company's stock traded hands, compared to its average volume of 319,589. The firm's 50-day moving average is $29.77 and its 200 day moving average is $30.76. The company has a market capitalization of $1.55 billion, a P/E ratio of 22.37 and a beta of 0.85. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, hitting analysts' consensus estimates of $0.59. The firm had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. Equities research analysts expect that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's dividend payout ratio is 155.37%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GTY shares. UBS Group started coverage on shares of Getty Realty in a research note on Friday, March 28th. They issued a "neutral" rating and a $32.00 price target on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. Finally, Robert W. Baird lowered their target price 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.33.

About Getty Realty