Vanguard Group Inc. Buys 17,664 Shares of Getty Realty Corp. (NYSE:GTY)

Vanguard Group Inc. grew its stake in shares of Getty Realty Corp. (NYSE:GTYFree Report) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,296,090 shares of the real estate investment trust’s stock after acquiring an additional 17,664 shares during the quarter. Vanguard Group Inc. owned about 0.14% of Getty Realty worth $202,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc bought a new position in shares of Getty Realty during the second quarter valued at $26,000. Natixis bought a new position in shares of Getty Realty during the fourth quarter valued at $42,000. Vestcor Inc purchased a new stake in shares of Getty Realty during the second quarter valued at $57,000. FMR LLC boosted its position in shares of Getty Realty by 68.3% during the first quarter. FMR LLC now owns 1,703 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 691 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Getty Realty by 80.7% during the first quarter. Advisory Services Network LLC now owns 1,809 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 808 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Trading Up 1.9 %

Shares of NYSE:GTY opened at $27.35 on Friday. The stock has a 50 day moving average of $27.14 and a 200 day moving average of $28.02. The company has a market cap of $1.48 billion, a PE ratio of 23.78 and a beta of 0.89. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 0.79. Getty Realty Corp. has a 12-month low of $25.90 and a 12-month high of $36.11.

Getty Realty (NYSE:GTYGet Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The company had revenue of $45.62 million for the quarter, compared to the consensus estimate of $47.19 million. Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. As a group, equities research analysts expect that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Dividend Announcement

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

Wall Street Analysts Forecast Growth

GTY has been the topic of several recent analyst reports. StockNews.com cut Getty Realty from a “hold” rating to a “sell” rating in a research report on Sunday, March 3rd. JMP Securities restated a “market outperform” rating and set a $33.00 price target on shares of Getty Realty in a research note on Monday, March 25th.

Get Our Latest Stock Analysis on GTY

Getty Realty Company Profile

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

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