Bank of Nova Scotia Acquires Shares of 8,033 Getty Realty Corp. (NYSE:GTY)

Bank of Nova Scotia acquired a new stake in Getty Realty Corp. (NYSE:GTY – Get Rating) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 8,033 shares of the real estate investment trust’s stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GTY. State Street Corp raised its holdings in Getty Realty by 17.6% in the 1st quarter. State Street Corp now owns 2,624,004 shares of the real estate investment trust’s stock valued at $76,123,000 after acquiring an additional 392,884 shares in the last quarter. Natixis Advisors L.P. acquired a new position in shares of Getty Realty during the 4th quarter worth $13,033,000. Vanguard Group Inc. raised its holdings in shares of Getty Realty by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 6,423,351 shares of the real estate investment trust’s stock worth $183,836,000 after buying an additional 234,507 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Getty Realty by 1,731.2% during the 4th quarter. Victory Capital Management Inc. now owns 174,591 shares of the real estate investment trust’s stock worth $6,360,000 after buying an additional 165,057 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Getty Realty by 1,049.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 129,408 shares of the real estate investment trust’s stock worth $4,380,000 after buying an additional 118,149 shares in the last quarter. 74.40% of the stock is owned by institutional investors and hedge funds.

Getty Realty Trading Down 0.7 %

NYSE GTY opened at $33.12 on Friday. The business’s 50-day moving average price is $34.18 and its two-hundred day moving average price is $34.25. Getty Realty Corp. has a 12 month low of $24.89 and a 12 month high of $36.49. The firm has a market capitalization of $1.64 billion, a PE ratio of 18.82 and a beta of 0.89. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.81.

Getty Realty (NYSE:GTY – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Getty Realty had a return on equity of 11.00% and a net margin of 50.43%. The firm had revenue of $42.56 million for the quarter, compared to analyst estimates of $41.88 million. On average, analysts expect that Getty Realty Corp. will post 2.13 EPS for the current year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 22nd will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.19%. Getty Realty’s dividend payout ratio (DPR) is presently 97.73%.

Analyst Ratings Changes

GTY has been the subject of a number of research analyst reports. 1-800-FLOWERS.COM reissued a “reiterates” rating on shares of Getty Realty in a report on Thursday, April 27th. BTIG Research cut Getty Realty from a “buy” rating to a “neutral” rating in a report on Wednesday, February 1st. StockNews.com assumed coverage on Getty Realty in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, JMP Securities boosted their price objective on Getty Realty from $37.00 to $39.00 and gave the stock a “market outperform” rating in a research report on Tuesday, March 21st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $33.33.

About Getty Realty

(Get Rating)

Getty Realty Corp. operates as a real estate investment trust. It engages in the acquisition, owning, selling, and leasing of convenience store and gas service station properties. The firm operates through the following brands: 76, BP, Citgo, Conoco, Exxon, Gulf, Mobil, Sunoco, Chevron, Global, Fas Mart, Aloha, United Oil, RaceTrac, and Valero.