Raymond James Financial Inc. Takes $886,000 Position in Getty Realty Corp. (NYSE:GTY)

Raymond James Financial Inc. purchased a new position in Getty Realty Corp. (NYSE:GTY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,422 shares of the real estate investment trust's stock, valued at approximately $886,000. Raymond James Financial Inc. owned about 0.05% of Getty Realty as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Getty Realty by 409.6% in the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock valued at $3,281,000 after acquiring an additional 82,887 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Getty Realty during the 3rd quarter valued at about $140,000. JPMorgan Chase & Co. grew its holdings in Getty Realty by 2.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 207,173 shares of the real estate investment trust's stock valued at $6,590,000 after purchasing an additional 4,243 shares during the last quarter. GAMMA Investing LLC raised its position 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 purchasing an additional 592 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Getty Realty in the fourth quarter worth about $136,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Price Performance

Shares of GTY opened at $28.03 on Tuesday. The stock has a market capitalization of $1.55 billion, a PE ratio of 22.25 and a beta of 0.83. The company has a 50 day moving average price of $29.59 and a 200-day moving average price of $30.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. The business had revenue of $52.33 million for the quarter, compared to analysts' expectations of $52.71 million. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. Equities analysts predict that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.71%. The ex-dividend date is Thursday, June 26th. Getty Realty's dividend payout ratio is presently 155.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JMP Securities reiterated a "market outperform" rating and issued a $34.00 price target on shares of Getty Realty in a report on Friday, January 10th. UBS Group started coverage on Getty Realty in a research report on Friday, March 28th. They set a "neutral" rating and a $32.00 target price for the company. Finally, Robert W. Baird cut their price target on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.33.

Getty Realty Company Profile

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