Vanguard Group Inc. Buys 220,049 Shares of Getty Realty Corp. (NYSE:GTY)

Vanguard Group Inc. increased its position in shares of Getty Realty Corp. (NYSE:GTY) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,516,139 shares of the real estate investment trust’s stock after purchasing an additional 220,049 shares during the quarter. Vanguard Group Inc. owned 0.14% of Getty Realty worth $219,622,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GTY. Envestnet Asset Management Inc. lifted its holdings in shares of Getty Realty by 48.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 240,443 shares of the real estate investment trust’s stock worth $6,667,000 after acquiring an additional 78,903 shares during the period. Invesco Ltd. lifted its stake in Getty Realty by 11.4% during the third quarter. Invesco Ltd. now owns 460,215 shares of the real estate investment trust’s stock worth $12,762,000 after purchasing an additional 47,192 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in shares of Getty Realty by 4.5% in the 3rd quarter. Essex Financial Services Inc. now owns 22,804 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 982 shares in the last quarter. Tudor Investment Corp Et Al increased its stake in shares of Getty Realty by 12.2% in the 3rd quarter. Tudor Investment Corp Et Al now owns 94,572 shares of the real estate investment trust’s stock valued at $2,622,000 after purchasing an additional 10,317 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new position in shares of Getty Realty during the 3rd quarter worth $1,054,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Down 0.4 %

Shares of NYSE:GTY opened at $26.56 on Tuesday. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $34.38. The company has a market capitalization of $1.43 billion, a PE ratio of 22.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.37 and a current ratio of 3.37. The company has a fifty day moving average of $27.29 and a 200-day moving average of $27.50.

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

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors 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 dividend on an annualized basis and a yield of 6.78%. Getty Realty’s dividend payout ratio (DPR) is presently 153.85%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GTY. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price objective on shares of Getty Realty in a research note on Monday, March 25th. StockNews.com upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd.

Getty Realty Profile