JPMorgan Chase & Co. Purchases 70,327 Shares of Getty Realty Corp. (NYSE:GTY)

JPMorgan Chase & Co. boosted its holdings in Getty Realty Corp. (NYSE:GTY) by 33.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 277,500 shares of the real estate investment trust’s stock after acquiring an additional 70,327 shares during the quarter. JPMorgan Chase & Co. owned 0.50% of Getty Realty worth $8,361,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GTY. Fifth Third Bancorp lifted its holdings in shares of Getty Realty by 923.7% during the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,216 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Getty Realty by 66.2% during the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 592 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Getty Realty by 246.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 1,799 shares during the period. Finally, KBC Group NV raised its holdings in shares of Getty Realty by 42.4% during the fourth quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 922 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Trading Up 0.2 %

Shares of Getty Realty stock opened at $28.62 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market capitalization of $1.58 billion, a PE ratio of 22.72 and a beta of 0.85. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.85. The company’s fifty day simple moving average is $30.26 and its 200-day simple moving average is $30.98.

Getty Realty (NYSE:GTY) last released 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 return on equity of 7.43% and a net margin of 34.94%. As a group, equities analysts anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

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

Wall Street Analyst Weigh In

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

About Getty Realty