Pensionfund DSM Netherlands Has $1.42 Million Holdings in Getty Realty Corp. (NYSE:GTY)

Pensionfund DSM Netherlands decreased its position in shares of Getty Realty Corp. (NYSE:GTY) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,000 shares of the real estate investment trust’s stock after selling 11,000 shares during the quarter. Pensionfund DSM Netherlands owned approximately 0.09% of Getty Realty worth $1,416,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GTY. State Street Corp boosted its position in shares of Getty Realty by 4.6% during the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock worth $126,411,000 after purchasing an additional 172,631 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Getty Realty by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock valued at $40,713,000 after acquiring an additional 16,252 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Getty Realty by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust’s stock worth $24,727,000 after purchasing an additional 11,742 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Getty Realty by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 740,116 shares of the real estate investment trust’s stock worth $19,731,000 after purchasing an additional 28,575 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Getty Realty by 38.1% in the 3rd quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust’s stock valued at $19,182,000 after purchasing an additional 166,345 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GTY has been the topic of a number of analyst reports. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and upped their target price for the stock from $31.00 to $34.00 in a report on Monday, October 21st. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price for the company in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.75.

Getty Realty Stock Performance

Shares of NYSE GTY traded down $0.04 during mid-day trading on Monday, reaching $29.93. 63,158 shares of the company’s stock were exchanged, compared to its average volume of 211,816. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 25.58 and a beta of 0.93. The firm has a 50-day moving average price of $31.69 and a two-hundred day moving average price of $30.86. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 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 company had revenue of $51.47 million during the quarter, compared to the consensus estimate of $49.79 million. During the same period last year, the firm posted $0.57 EPS. Analysts predict that Getty Realty Corp. will post 2.23 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. Investors of record on Thursday, December 26th will be paid a dividend of $0.47 per share. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date is Thursday, December 26th. Getty Realty’s dividend payout ratio is presently 160.68%.

Getty Realty Company Profile