Congress Asset Management Co. MA Has $4.33 Million Stake in Getty Realty Corp. (NYSE:GTY)

Congress Asset Management Co. MA boosted its stake in shares of Getty Realty Corp. (NYSE:GTY) by 0.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 148,137 shares of the real estate investment trust’s stock after buying an additional 534 shares during the quarter. Congress Asset Management Co. MA’s holdings in Getty Realty were worth $4,329,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Baystate Wealth Management LLC bought a new position in shares of Getty Realty in the 4th quarter worth about $29,000. Quadrant Capital Group LLC grew its position in shares of Getty Realty by 67.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,836 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 1,144 shares during the period. Rocky Mountain Advisers LLC bought a new stake in shares of Getty Realty in the 4th quarter valued at $105,000. Van ECK Associates Corp lifted its position in shares of Getty Realty by 27.4% during the 4th quarter. Van ECK Associates Corp now owns 6,690 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 1,440 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Getty Realty during the fourth quarter worth $204,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analysts Set New Price Targets

GTY has been the topic of several research reports. JMP Securities reiterated a “market outperform” rating and set a $33.00 price objective on shares of Getty Realty in a report on Monday, March 25th. StockNews.com upgraded Getty Realty from a “sell” rating to a “hold” rating in a report on Monday, April 22nd.

Getty Realty Stock Down 0.3 %

Getty Realty stock opened at $26.69 on Tuesday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 22.81 and a beta of 0.89. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.84. Getty Realty Corp. has a 1-year low of $25.90 and a 1-year high of $34.95. The firm’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $27.72.

Getty Realty (NYSE:GTY) last announced its earnings results on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). The company had revenue of $48.97 million for the quarter, compared to analysts’ expectations of $46.63 million. Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. During the same period in the previous year, the firm earned $0.56 EPS. On average, equities research analysts predict that Getty Realty Corp. will post 2.31 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 27th will be issued a $0.45 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.80 annualized dividend and a dividend yield of 6.74%. Getty Realty’s dividend payout ratio is currently 153.85%.

Getty Realty Company Profile