HighTower Advisors LLC Buys 391 Shares of Getty Realty Corp. (NYSE:GTY)

HighTower Advisors LLC boosted its stake in Getty Realty Corp. (NYSE:GTY) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 63,200 shares of the real estate investment trust’s stock after purchasing an additional 391 shares during the quarter. HighTower Advisors LLC’s holdings in Getty Realty were worth $1,904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GTY. Verition Fund Management LLC acquired a new position in Getty Realty during the 3rd quarter worth approximately $10,119,000. NFJ Investment Group LLC bought a new stake in shares of Getty Realty during the third quarter worth $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Getty Realty by 493.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 317,380 shares of the real estate investment trust’s stock worth $10,096,000 after buying an additional 263,938 shares in the last quarter. State Street Corp lifted its stake in shares of Getty Realty by 4.6% in the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock valued at $126,411,000 after acquiring an additional 172,631 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Getty Realty by 17.1% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust’s stock valued at $20,525,000 after purchasing an additional 99,530 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Price Performance

GTY opened at $30.48 on Monday. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The firm’s fifty day moving average price is $30.79 and its two-hundred day moving average price is $31.31. 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 company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 24.19 and a beta of 0.91.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. As a group, analysts anticipate 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, April 10th. Shareholders of record on Thursday, March 27th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s dividend payout ratio is currently 149.21%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. KeyCorp raised shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target for the company in a research note on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and issued a $34.00 target price on shares of Getty Realty in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Getty Realty Profile