Atria Investments Inc Invests $339,000 in Getty Realty Corp. (NYSE:GTY)

Atria Investments Inc acquired a new position in shares of Getty Realty Corp. (NYSE:GTY) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,644 shares of the real estate investment trust’s stock, valued at approximately $339,000.

Several other institutional investors have also modified their holdings of GTY. Vanguard Group Inc. lifted its position in Getty Realty by 3.4% in the first quarter. Vanguard Group Inc. now owns 7,768,393 shares of the real estate investment trust’s stock valued at $212,466,000 after acquiring an additional 252,254 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in Getty Realty by 7.8% in the first quarter. UniSuper Management Pty Ltd now owns 13,900 shares of the real estate investment trust’s stock valued at $380,000 after acquiring an additional 1,000 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Getty Realty by 9.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 102,678 shares of the real estate investment trust’s stock valued at $2,809,000 after acquiring an additional 9,209 shares during the last quarter. BOKF NA lifted its position in Getty Realty by 6.6% in the first quarter. BOKF NA now owns 128,393 shares of the real estate investment trust’s stock valued at $3,509,000 after acquiring an additional 7,995 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Getty Realty by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,249 shares of the real estate investment trust’s stock valued at $910,000 after purchasing an additional 1,707 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Trading Down 0.5 %

NYSE GTY opened at $32.55 on Friday. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.23. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44. The firm’s fifty day moving average is $31.82 and its two-hundred day moving average is $29.97. The firm has a market cap of $1.79 billion, a PE ratio of 27.98 and a beta of 0.91.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. The firm had revenue of $51.47 million for the quarter, compared to analyst estimates of $49.79 million. During the same quarter last year, the firm earned $0.57 earnings per share. Analysts expect that Getty Realty Corp. will post 2.22 earnings per share for the current year.

Getty Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.78%. This is a positive change from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. Getty Realty’s payout ratio is 160.68%.

Analysts Set New Price Targets

A number of research analysts have commented on GTY shares. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $34.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. lifted their price objective on shares of Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th.

Getty Realty Company Profile