Geode Capital Management LLC Purchases 17,618 Shares of Getty Realty Corp. (NYSE:GTY)

Geode Capital Management LLC increased its position in shares of Getty Realty Corp. (NYSE:GTY) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,297,268 shares of the real estate investment trust’s stock after buying an additional 17,618 shares during the period. Geode Capital Management LLC owned 2.36% of Getty Realty worth $39,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp increased its position in Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,210 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Getty Realty by 715.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,216 shares during the last quarter. GAMMA Investing LLC increased its position in Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 592 shares during the period. Loomis Sayles & Co. L P bought a new position in Getty Realty during the fourth quarter worth $45,000. Finally, Jones Financial Companies Lllp raised its stake in Getty Realty by 246.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 1,799 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GTY. UBS Group began coverage on shares of Getty Realty in a report on Friday, March 28th. They set a “neutral” rating and a $32.00 price objective on the stock. KeyCorp upgraded Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target on the stock in a research note on Tuesday, December 17th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Getty Realty presently has an average rating of “Moderate Buy” and an average price target of $33.60.

Getty Realty Stock Up 0.2 %

Shares of NYSE GTY opened at $28.62 on Wednesday. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The business has a fifty day moving average of $30.26 and a two-hundred day moving average of $30.98. The stock has a market cap of $1.58 billion, a PE ratio of 22.72 and a beta of 0.85.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. As a group, equities research analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.57%. Getty Realty’s dividend payout ratio is 149.21%.

Getty Realty Profile