Albert D Mason Inc. Takes Position in Getty Realty Corporation $GTY

Albert D Mason Inc. purchased a new position in shares of Getty Realty Corporation (NYSE:GTY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,425 shares of the real estate investment trust’s stock, valued at approximately $833,000. Albert D Mason Inc. owned 0.05% of Getty Realty as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pensionfund Sabic purchased a new stake in Getty Realty during the fourth quarter worth about $671,000. Pensionfund PDN purchased a new stake in shares of Getty Realty during the 4th quarter worth approximately $1,177,000. SG Americas Securities LLC grew its holdings in shares of Getty Realty by 332.1% in the 4th quarter. SG Americas Securities LLC now owns 29,017 shares of the real estate investment trust’s stock worth $794,000 after acquiring an additional 22,302 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Getty Realty by 45.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,487 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 3,881 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Getty Realty by 30.9% during the fourth quarter. GAMMA Investing LLC now owns 3,033 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 716 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

GTY has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a report on Thursday, January 22nd. UBS Group upped their target price on Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Finally, Royal Bank Of Canada increased their target price on Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Getty Realty has a consensus rating of “Hold” and a consensus price target of $32.20.

Getty Realty Stock Performance

Getty Realty stock opened at $31.90 on Friday. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $34.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.38 and a beta of 0.82. The firm’s fifty day moving average price is $31.76 and its 200 day moving average price is $29.14.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The company had revenue of $60.55 million for the quarter, compared to the consensus estimate of $55.94 million. Getty Realty’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, research analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Thursday, March 26th. Getty Realty’s dividend payout ratio is presently 144.78%.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.