Captrust Financial Advisors Purchases New Shares in Getty Realty Corp. (NYSE:GTY)

Captrust Financial Advisors purchased a new stake in shares of Getty Realty Corp. (NYSE:GTY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,931 shares of the real estate investment trust’s stock, valued at approximately $209,000.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in 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 worth $40,000 after buying an additional 1,210 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Getty Realty by 715.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,216 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in Getty Realty during the fourth quarter worth about $45,000. Sterling Capital Management LLC increased its holdings 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 last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Getty Realty by 246.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 1,799 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GTY shares. KeyCorp decreased their price objective on shares of Getty Realty from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. UBS Group reduced their target price on shares of Getty Realty from $32.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Robert W. Baird reduced their target price on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Getty Realty has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Getty Realty Price Performance

GTY opened at $28.37 on Friday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 22.52 and a beta of 0.83. 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 firm has a 50-day moving average price of $28.94 and a 200-day moving average price of $30.38. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. The firm had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.71 million. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Equities analysts expect that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.63%. Getty Realty’s dividend payout ratio is currently 155.37%.

Getty Realty Profile