Daiwa Securities Group Inc. Grows Position in Getty Realty Corp. (NYSE:GTY)

Daiwa Securities Group Inc. boosted its stake in Getty Realty Corp. (NYSE:GTY) by 11.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 15,965 shares of the real estate investment trust’s stock after acquiring an additional 1,691 shares during the period. Daiwa Securities Group Inc.’s holdings in Getty Realty were worth $437,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Baystate Wealth Management LLC acquired a new position in shares of Getty Realty in the 4th quarter worth approximately $29,000. Quadrant Capital Group LLC lifted its stake in Getty Realty by 67.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,836 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,144 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its position in shares of Getty Realty by 33.8% during the first quarter. SYSTM Wealth Solutions LLC now owns 3,195 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 807 shares during the period. Rocky Mountain Advisers LLC acquired a new stake in shares of Getty Realty in the fourth quarter valued at $105,000. Finally, Van ECK Associates Corp raised its holdings in shares of Getty Realty by 27.4% in the 4th quarter. Van ECK Associates Corp now owns 6,690 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 1,440 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $28.28 on Friday. Getty Realty Corp. has a one year low of $25.70 and a one year high of $34.38. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 24.17 and a beta of 0.90. The company has a 50-day simple moving average of $27.25 and a 200-day simple moving average of $27.39. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.37 and a current ratio of 3.37.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. The company had revenue of $48.97 million for the quarter, compared to analysts’ expectations of $46.63 million. During the same period in the prior year, the company earned $0.56 earnings per share. On average, analysts predict that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Thursday, June 27th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.36%. The ex-dividend date of this dividend was Thursday, June 27th. Getty Realty’s dividend payout ratio is presently 153.85%.

Analysts Set New Price Targets

GTY has been the subject of a number of research reports. JMP Securities restated a “market outperform” rating and issued a $33.00 price objective on shares of Getty Realty in a report on Monday, March 25th. StockNews.com upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a report on Monday, April 22nd.

About Getty Realty