SG Americas Securities LLC Purchases 3,094 Shares of Getty Realty Corp. (NYSE:GTY)

SG Americas Securities LLC raised its position in Getty Realty Corp. (NYSE:GTYFree Report) by 9.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,623 shares of the real estate investment trust’s stock after buying an additional 3,094 shares during the period. SG Americas Securities LLC’s holdings in Getty Realty were worth $1,099,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Getty Realty by 13.9% in the second quarter. BlackRock Inc. now owns 8,302,756 shares of the real estate investment trust’s stock valued at $280,799,000 after buying an additional 1,010,932 shares during the period. Vanguard Group Inc. increased its position in Getty Realty by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,768,864 shares of the real estate investment trust’s stock valued at $182,014,000 after acquiring an additional 81,104 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Getty Realty by 34.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,718,000 shares of the real estate investment trust’s stock valued at $133,960,000 after acquiring an additional 951,649 shares during the last quarter. State Street Corp lifted its holdings in shares of Getty Realty by 0.5% during the second quarter. State Street Corp now owns 3,440,388 shares of the real estate investment trust’s stock worth $117,779,000 after purchasing an additional 16,238 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Getty Realty by 8.1% in the second quarter. Geode Capital Management LLC now owns 978,340 shares of the real estate investment trust’s stock worth $33,087,000 after purchasing an additional 73,090 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GTY shares. JMP Securities reaffirmed a “market outperform” rating and set a $33.00 target price on shares of Getty Realty in a research report on Monday, March 25th. StockNews.com lowered Getty Realty from a “hold” rating to a “sell” rating in a research note on Sunday, March 3rd.

View Our Latest Analysis on GTY

Getty Realty Trading Up 1.9 %

GTY opened at $27.35 on Friday. The stock has a market cap of $1.48 billion, a PE ratio of 23.78 and a beta of 0.89. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79. Getty Realty Corp. has a twelve month low of $25.90 and a twelve month high of $36.11. The company has a fifty day moving average of $27.14 and a 200-day moving average of $28.02.

Getty Realty (NYSE:GTYGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. The business had revenue of $45.62 million during the quarter, compared to the consensus estimate of $47.19 million. On average, sell-side analysts predict that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date is Wednesday, March 27th. Getty Realty’s payout ratio is 156.52%.

About Getty Realty

(Free Report)

Further Reading

Want to see what other hedge funds are holding GTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Getty Realty Corp. (NYSE:GTYFree Report).

Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

Receive News & Ratings for Getty Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Realty and related companies with MarketBeat.com's FREE daily email newsletter.