Handelsbanken Fonder AB Purchases 3,400 Shares of Getty Realty Corp. (NYSE:GTY)

Handelsbanken Fonder AB increased its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 22.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,416 shares of the real estate investment trust’s stock after acquiring an additional 3,400 shares during the period. Handelsbanken Fonder AB’s holdings in Getty Realty were worth $574,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. GF Fund Management CO. LTD. acquired a new position in Getty Realty in the fourth quarter worth $28,000. Smartleaf Asset Management LLC lifted its position 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 worth $41,000 after buying an additional 1,216 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Getty Realty during the 4th quarter worth about $45,000. Sterling Capital Management LLC grew its holdings in Getty Realty by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 1,413 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Getty Realty by 246.4% in 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 acquiring an additional 1,799 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Getty Realty Price Performance

GTY opened at $28.91 on Monday. The company has a fifty day moving average price of $28.54 and a two-hundred day moving average price of $30.00. The firm has a market capitalization of $1.60 billion, a PE ratio of 22.94 and a beta of 0.84. 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.

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

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.50%. Getty Realty’s dividend payout ratio (DPR) is presently 155.37%.

Getty Realty Profile