Thrivent Financial for Lutherans reduced its position in shares of Getty Realty Corp. (NYSE:GTY – Free Report) by 8.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 202,549 shares of the real estate investment trust’s stock after selling 19,846 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Getty Realty were worth $6,443,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of GTY. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Getty Realty during the second quarter valued at approximately $29,000. Point72 Hong Kong Ltd acquired a new position in Getty Realty in the 2nd quarter valued at $30,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Getty Realty by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 513 shares during the period. KBC Group NV boosted its holdings in shares of Getty Realty by 45.8% during the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 683 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of Getty Realty by 21.6% in the third quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 441 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $31.00 to $34.00 in a report on Monday, October 21st.
Getty Realty Trading Down 0.5 %
GTY stock opened at $32.55 on Friday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 27.82 and a beta of 0.91. The business has a fifty day simple moving average of $31.82 and a 200-day simple moving average of $29.97. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.23.
Getty Realty (NYSE:GTY – Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.28). The firm had revenue of $51.47 million for the quarter, compared to analyst estimates of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, equities research analysts expect that Getty Realty Corp. will post 2.22 EPS for the current year.
Getty Realty Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.78%. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, December 26th. Getty Realty’s payout ratio is 160.68%.
Getty Realty Profile
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