290,202 Shares in Getty Realty Corp. (NYSE:GTY) Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC bought a new stake in shares of Getty Realty Corp. (NYSE:GTY) in the third quarter, Holdings Channel reports. The fund bought 290,202 shares of the real estate investment trust’s stock, valued at approximately $9,231,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ingalls & Snyder LLC raised its stake in Getty Realty by 11.9% in the 3rd quarter. Ingalls & Snyder LLC now owns 195,934 shares of the real estate investment trust’s stock valued at $6,233,000 after purchasing an additional 20,895 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Getty Realty by 6.3% during the third quarter. HighTower Advisors LLC now owns 62,809 shares of the real estate investment trust’s stock worth $1,999,000 after buying an additional 3,746 shares in the last quarter. Atom Investors LP acquired a new stake in shares of Getty Realty in the third quarter valued at about $618,000. Verition Fund Management LLC purchased a new position in shares of Getty Realty in the third quarter worth about $10,119,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 acquiring an additional 263,938 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on GTY shares. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and increased their price objective for the company from $31.00 to $34.00 in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their price objective 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 Trading Down 0.9 %

NYSE:GTY traded down $0.31 on Tuesday, hitting $32.36. The stock had a trading volume of 16,661 shares, compared to its average volume of 282,736. The company has a fifty day moving average price of $31.90 and a two-hundred day moving average price of $30.23. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.85. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 27.74 and a beta of 0.92.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). The company had revenue of $51.47 million during the quarter, compared to analysts’ expectations of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same period last year, the firm posted $0.57 earnings per share. Equities research analysts expect that Getty Realty Corp. will post 2.23 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.81%. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Getty Realty Company Profile