Franklin Resources Inc. Increases Stock Position in Getty Realty Corp. (NYSE:GTY)

Franklin Resources Inc. boosted its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,851 shares of the real estate investment trust’s stock after buying an additional 905 shares during the quarter. Franklin Resources Inc.’s holdings in Getty Realty were worth $538,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GTY. Vanguard Group Inc. boosted its holdings in shares of Getty Realty by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust’s stock valued at $236,937,000 after buying an additional 48,491 shares in the last quarter. Geode Capital Management LLC lifted its position in Getty Realty by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock valued at $40,713,000 after acquiring an additional 16,252 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in Getty Realty by 17.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust’s stock valued at $20,525,000 after acquiring an additional 99,530 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Getty Realty by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 586,780 shares of the real estate investment trust’s stock worth $17,680,000 after purchasing an additional 41,826 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Getty Realty by 33.9% in the fourth quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust’s stock worth $8,361,000 after purchasing an additional 70,327 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GTY shares. JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. UBS Group started coverage on Getty Realty in a research note on Friday, March 28th. They issued a “neutral” rating and a $32.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.60.

Getty Realty Price Performance

NYSE GTY opened at $28.97 on Friday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 22.99 and a beta of 0.85. 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’s fifty day moving average price is $30.17 and its 200 day moving average price is $30.95. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share 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 research analysts forecast that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend was Thursday, March 27th. Getty Realty’s dividend payout ratio (DPR) is currently 149.21%.

Getty Realty Profile