Getty Realty Corp. (NYSE:GTY) Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lifted its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,400 shares of the real estate investment trust's stock after buying an additional 37,000 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.35% of Getty Realty worth $5,737,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Fifth Third Bancorp raised its position in shares of Getty Realty by 923.7% during the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Getty Realty by 715.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 1,216 shares in the last quarter. GAMMA Investing LLC grew its stake in Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 592 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in Getty Realty in the 4th quarter worth about $45,000. Finally, Sterling Capital Management LLC grew its stake 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 worth $48,000 after acquiring an additional 1,413 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analyst Ratings Changes

GTY has been the subject of several research reports. 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. Robert W. Baird lowered 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 report on Thursday, April 24th. Finally, UBS Group initiated coverage on shares of Getty Realty in a research report on Friday, March 28th. They issued a "neutral" rating and a $32.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

Getty Realty Stock Down 0.5%

NYSE:GTY traded down $0.13 during midday trading on Monday, reaching $28.47. 229,403 shares of the stock traded hands, compared to its average volume of 323,402. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85. The business has a 50-day moving average of $29.35 and a two-hundred day moving average of $30.56. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a market capitalization of $1.58 billion, a PE ratio of 22.64 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS 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 company had revenue of $52.33 million during the quarter, compared to analysts' expectations of $52.71 million. On average, equities analysts forecast that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a yield of 6.60%. Getty Realty's payout ratio is 155.37%.

About Getty Realty