Uniplan Investment Counsel Inc. Takes Position in Getty Realty Corp. (NYSE:GTY)

Uniplan Investment Counsel Inc. purchased a new position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 47,073 shares of the real estate investment trust's stock, valued at approximately $1,418,000. Uniplan Investment Counsel Inc. owned about 0.09% of Getty Realty as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC raised its stake in shares of Getty Realty by 0.6% during the fourth quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust's stock valued at $1,904,000 after acquiring an additional 391 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Getty Realty by 1.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust's stock worth $738,000 after acquiring an additional 400 shares in the last quarter. American Century Companies Inc. increased its stake in Getty Realty by 3.4% during the 4th quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust's stock valued at $489,000 after purchasing an additional 533 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Getty Realty by 8.2% in the fourth quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock worth $248,000 after purchasing an additional 622 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Stock Down 0.1 %

NYSE GTY traded down $0.03 on Monday, hitting $27.35. The stock had a trading volume of 52,698 shares, compared to its average volume of 316,720. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The business's fifty day moving average price is $29.91 and its 200 day moving average price is $30.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 21.71 and a beta of 0.85.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, hitting analysts' consensus estimates of $0.59. The business had revenue of $52.33 million for 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 anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently declared 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. 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 6.87%. Getty Realty's dividend payout ratio is currently 155.37%.

Wall Street Analysts Forecast Growth

GTY has been the topic of a number of research analyst reports. UBS Group began coverage on shares of Getty Realty in a research report on Friday, March 28th. They set a "neutral" rating and a $32.00 price objective on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. Finally, Robert W. Baird decreased their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Getty Realty presently has an average rating of "Moderate Buy" and an average target price of $33.33.

Getty Realty Profile