Vanguard Group Inc. Boosts Stock Position in Getty Realty Corporation $GTY

Vanguard Group Inc. grew its stake in shares of Getty Realty Corporation (NYSE:GTY) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,901,516 shares of the real estate investment trust’s stock after buying an additional 37,695 shares during the period. Vanguard Group Inc. owned 14.25% of Getty Realty worth $246,369,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GTY. US Bancorp DE raised its stake in Getty Realty by 52.4% during the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 376 shares during the period. PNC Financial Services Group Inc. increased its stake in Getty Realty by 11.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 409 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Getty Realty by 0.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust’s stock worth $2,173,000 after purchasing an additional 519 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Getty Realty by 4.7% in the 4th quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust’s stock worth $375,000 after purchasing an additional 561 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in shares of Getty Realty by 8.2% in the 4th quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 622 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on GTY. KeyCorp dropped their target price on Getty Realty from $35.00 to $33.00 and set an “overweight” rating for the company 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. UBS Group lifted their target price on Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Robert W. Baird dropped their target price on Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.67.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $27.86 on Tuesday. The stock’s fifty day moving average is $28.03 and its two-hundred day moving average is $29.04. The company has a market capitalization of $1.58 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.83. 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 Corporation has a 52 week low of $26.42 and a 52 week high of $33.85.

Getty Realty (NYSE:GTY) last announced 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 business had revenue of $51.31 million during 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, analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty’s dividend payout ratio is 163.48%.

About Getty Realty