Vestcor Inc Acquires Shares of 50,459 Getty Realty Corporation (NYSE:GTY)

Vestcor Inc bought a new position in shares of Getty Realty Corporation (NYSE:GTY) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 50,459 shares of the real estate investment trust’s stock, valued at approximately $1,573,000. Vestcor Inc owned 0.09% of Getty Realty at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new stake in shares of Getty Realty during the fourth quarter worth approximately $28,000. Sterling Capital Management LLC boosted its stake 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 purchasing an additional 1,413 shares during the last quarter. Quarry LP grew its holdings in shares of Getty Realty by 468.0% during the fourth quarter. Quarry LP now owns 2,806 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 2,312 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Getty Realty in the fourth quarter valued at about $209,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Getty Realty in the first quarter worth about $211,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

GTY has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of Getty Realty from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 16th. KeyCorp lowered their target price on Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut Getty Realty from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Finally, 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 research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $32.33.

Getty Realty Price Performance

Shares of GTY stock opened at $27.79 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market capitalization of $1.57 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The firm’s 50-day moving average is $28.21 and its two-hundred day moving average is $29.27. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Getty Realty had a return on equity of 6.87% and a net margin of 31.62%. The firm had revenue of $51.31 million for the quarter, compared to analyst estimates of $51.59 million. Analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty’s dividend payout ratio is 163.48%.

Getty Realty Profile