Getty Realty Corp. (NYSE:GTY) Shares Purchased by Quest Partners LLC

Quest Partners LLC boosted its position in Getty Realty Corp. (NYSE:GTY) by 36.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,259 shares of the real estate investment trust’s stock after acquiring an additional 10,404 shares during the quarter. Quest Partners LLC owned 0.07% of Getty Realty worth $1,249,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC increased its stake in Getty Realty by 5.0% in the second quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 375 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Getty Realty by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock worth $659,000 after purchasing an additional 400 shares during the period. Huntington National Bank lifted its holdings in shares of 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 worth $79,000 after purchasing an additional 441 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 worth $63,000 after purchasing an additional 513 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Getty Realty by 4.3% during the second quarter. Arizona State Retirement System now owns 14,352 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 593 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America raised Getty Realty from a “neutral” rating to a “buy” rating and increased their price target for the stock from $31.00 to $34.00 in a report on Monday, October 21st. JMP Securities raised their target price on Getty Realty from $31.50 to $33.00 and gave the company a “market outperform” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their target price on Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Getty Realty Trading Up 3.3 %

NYSE:GTY opened at $32.95 on Wednesday. The company has a market capitalization of $1.81 billion, a PE ratio of 28.16 and a beta of 0.91. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.23. The stock has a fifty day simple moving average of $31.75 and a 200-day simple moving average of $29.89.

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

Getty Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors 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 5.71%. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio (DPR) is currently 153.85%.

Getty Realty Profile