Getty Realty Corp. (NYSE:GTY) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of Getty Realty Corp. (NYSE:GTY) by 409.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,121 shares of the real estate investment trust’s stock after buying an additional 82,887 shares during the period. Barclays PLC owned 0.19% of Getty Realty worth $3,281,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the business. Verition Fund Management LLC purchased a new stake in Getty Realty in the 3rd quarter worth $10,119,000. NFJ Investment Group LLC purchased a new position in Getty Realty during the third quarter worth approximately $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Getty Realty by 493.9% during the 3rd 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 period. State Street Corp boosted its holdings in Getty Realty by 4.6% in the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock valued at $126,411,000 after purchasing an additional 172,631 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Getty Realty by 38.1% in the third quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust’s stock valued at $19,182,000 after acquiring an additional 166,345 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on GTY shares. KeyCorp raised shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price on the stock in a research report on Tuesday, December 17th. 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 note on Thursday, September 19th. Finally, Bank of America raised 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 research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.75.

Getty Realty Stock Performance

NYSE GTY opened at $30.39 on Tuesday. The company has a fifty day moving average of $32.02 and a two-hundred day moving average of $30.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The company has a market capitalization of $1.67 billion, a PE ratio of 25.97 and a beta of 0.92.

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

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio is 160.68%.

About Getty Realty