Swiss National Bank Acquires 1,100 Shares of Getty Realty Corp. (NYSE:GTY)

Swiss National Bank grew its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 1.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 101,209 shares of the real estate investment trust’s stock after purchasing an additional 1,100 shares during the quarter. Swiss National Bank’s holdings in Getty Realty were worth $3,049,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in shares of Getty Realty during the 3rd quarter valued at $10,119,000. NFJ Investment Group LLC bought a new position in shares of Getty Realty during the 3rd quarter worth about $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Getty Realty by 493.9% in the 3rd 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 valued at $10,096,000 after buying an additional 263,938 shares during the period. State Street Corp increased its position in 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 buying an additional 172,631 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in Getty Realty by 17.1% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust’s stock worth $20,525,000 after buying an additional 99,530 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analysts Set New Price Targets

GTY has been the subject of several recent research reports. JMP Securities restated a “market outperform” rating and set a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. 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 report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Getty Realty presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Getty Realty Stock Performance

Shares of GTY opened at $30.79 on Thursday. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a 50 day moving average price of $30.82 and a two-hundred day moving average price of $31.29. The firm has a market capitalization of $1.69 billion, a P/E ratio of 24.44 and a beta of 0.91.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. Equities analysts forecast that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed 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 6.11%. The ex-dividend date is Thursday, March 27th. Getty Realty’s payout ratio is 149.21%.

About Getty Realty