Mariner LLC Acquires Shares of 7,555 Getty Realty Corp. (NYSE:GTY)

Mariner LLC bought a new position in shares of Getty Realty Corp. (NYSE:GTY) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 7,555 shares of the real estate investment trust’s stock, valued at approximately $228,000.

A number of other large investors have also modified their holdings of the business. Fifth Third Bancorp raised its position in Getty Realty by 923.7% in the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Getty Realty by 715.3% in 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 purchasing an additional 1,216 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Getty Realty by 66.2% in the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 592 shares during the period. Loomis Sayles & Co. L P purchased a new stake in Getty Realty during the fourth quarter worth about $45,000. Finally, Sterling Capital Management LLC grew its position in Getty Realty by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,413 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

NYSE GTY opened at $28.20 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 22.38 and a beta of 0.83. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The business has a fifty day moving average of $29.53 and a 200-day moving average of $30.66.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. As a group, analysts predict that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be issued a $0.47 dividend. The ex-dividend date is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.67%. Getty Realty’s dividend payout ratio (DPR) is presently 155.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. UBS Group assumed coverage on Getty Realty in a research report on Friday, March 28th. They set a “neutral” rating and a $32.00 target price on the stock. Finally, JMP Securities restated a “market outperform” rating and issued a $34.00 price target on shares of Getty Realty in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Getty Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

Getty Realty Company Profile