Zurcher Kantonalbank Zurich Cantonalbank Buys 1,435 Shares of Getty Realty Corp. (NYSE:GTY)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Getty Realty Corp. (NYSE:GTY) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,755 shares of the real estate investment trust’s stock after buying an additional 1,435 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Getty Realty were worth $597,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Getty Realty during the second quarter valued at about $29,000. Point72 Hong Kong Ltd bought a new position in Getty Realty during the second quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Getty Realty by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 513 shares during the last quarter. KBC Group NV lifted its holdings in 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 valued at $69,000 after purchasing an additional 683 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Getty Realty by 21.6% during 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 last quarter. Institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

GTY has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Bank of America raised shares of Getty Realty from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $34.00 in a report on Monday, October 21st.

Getty Realty Trading Up 0.2 %

Shares of Getty Realty stock opened at $32.11 on Friday. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 27.44 and a beta of 0.92. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $31.93 and its 200-day moving average price is $30.33.

Getty Realty (NYSE:GTY) last announced 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 during the quarter, compared to analysts’ expectations of $49.79 million. During the same period in the previous year, the company posted $0.57 earnings per share. On average, equities analysts expect that Getty Realty Corp. will post 2.23 earnings per share for the current fiscal 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 issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.85%. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. Getty Realty’s dividend payout ratio is presently 153.85%.

About Getty Realty