Getty Realty Corp. (NYSE:GTY) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in Getty Realty Corp. (NYSE:GTY) by 6.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 62,809 shares of the real estate investment trust’s stock after purchasing an additional 3,746 shares during the quarter. HighTower Advisors LLC’s holdings in Getty Realty were worth $1,999,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Atom Investors LP purchased a new stake in shares of Getty Realty in the third quarter valued at about $618,000. Verition Fund Management LLC purchased a new stake in Getty Realty in the 3rd quarter valued at approximately $10,119,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Getty Realty by 493.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 317,380 shares of the real estate investment trust’s stock valued at $10,096,000 after buying an additional 263,938 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Getty Realty by 8.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,755 shares of the real estate investment trust’s stock valued at $597,000 after buying an additional 1,435 shares during the last quarter. Finally, FMR LLC increased its position in Getty Realty by 80.1% during the third quarter. FMR LLC now owns 4,201 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,869 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Getty Realty Stock Down 0.4 %

GTY opened at $32.06 on Friday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 27.40 and a beta of 0.92. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44. The business has a 50-day moving average of $32.01 and a two-hundred day moving average of $30.50.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share 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 company had revenue of $51.47 million for the quarter, compared to analysts’ expectations of $49.79 million. During the same period in the prior year, the business earned $0.57 EPS. On average, research analysts expect that Getty Realty Corp. will post 2.23 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. 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 5.86%. The ex-dividend date is Thursday, December 26th. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s payout ratio is 153.85%.

Getty Realty Company Profile