Envestnet Asset Management Inc. Raises Holdings in Getty Realty Corp. (NYSE:GTY)

Envestnet Asset Management Inc. lifted its holdings in Getty Realty Corp. (NYSE:GTY) by 12.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,154 shares of the real estate investment trust’s stock after buying an additional 27,902 shares during the quarter. Envestnet Asset Management Inc. owned 0.48% of Getty Realty worth $6,882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in shares of Getty Realty during the 2nd quarter worth $81,000. SYSTM Wealth Solutions LLC boosted its holdings in Getty Realty by 33.8% during the first quarter. SYSTM Wealth Solutions LLC now owns 3,195 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 807 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Getty Realty by 23.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,121 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 1,362 shares during the period. Chilton Capital Management LLC increased its holdings in Getty Realty by 10.4% in the first quarter. Chilton Capital Management LLC now owns 7,212 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 680 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Getty Realty by 10.6% during the 2nd quarter. Van ECK Associates Corp now owns 7,569 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 723 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

GTY has been the topic of a number of research reports. JMP Securities upped their price target on Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th.

Getty Realty Stock Up 0.1 %

Shares of NYSE GTY opened at $31.60 on Friday. The firm’s 50-day moving average is $31.28 and its two-hundred day moving average is $28.68. The company has a market capitalization of $1.71 billion, a PE ratio of 27.01 and a beta of 0.92. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $32.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.22 and a quick ratio of 3.22.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, July 24th. 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 $49.94 million for the quarter, compared to analyst estimates of $48.51 million. Getty Realty had a return on equity of 6.98% and a net margin of 33.49%. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Equities analysts anticipate that Getty Realty Corp. will post 2.2 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date is Thursday, September 26th. Getty Realty’s payout ratio is currently 153.85%.

About Getty Realty