Cetera Investment Advisers Has $460,000 Stock Position in Getty Realty Corporation $GTY

Cetera Investment Advisers increased its stake in Getty Realty Corporation (NYSE:GTY) by 18.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,760 shares of the real estate investment trust’s stock after acquiring an additional 2,327 shares during the quarter. Cetera Investment Advisers’ holdings in Getty Realty were worth $460,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new position in Getty Realty in the fourth quarter valued at approximately $28,000. Sterling Capital Management LLC lifted its stake in Getty Realty by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 1,413 shares during the period. Quarry LP lifted its stake in Getty Realty by 468.0% in the fourth quarter. Quarry LP now owns 2,806 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 2,312 shares during the period. D.A. Davidson & CO. acquired a new position in Getty Realty in the first quarter valued at approximately $211,000. Finally, Captrust Financial Advisors acquired a new position in Getty Realty in the fourth quarter valued at approximately $209,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on GTY. Wall Street Zen lowered Getty Realty from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. UBS Group boosted their price target on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday. Robert W. Baird decreased their price objective on Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Finally, KeyCorp decreased their price objective on Getty Realty from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.67.

Getty Realty Trading Up 0.3%

NYSE GTY opened at $28.18 on Monday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 2.12 and a beta of 0.83. Getty Realty Corporation has a 52 week low of $26.42 and a 52 week high of $33.85. The business has a 50 day moving average price of $28.07 and a 200-day moving average price of $29.06. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94.

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

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, September 25th. This represents a $1.88 annualized dividend and a yield of 6.7%. Getty Realty’s dividend payout ratio is 163.48%.

Getty Realty Profile