Wealthfront Advisers LLC Makes New Investment in Getty Realty Corp. (NYSE:GTY)

Wealthfront Advisers LLC bought a new position in Getty Realty Corp. (NYSE:GTY) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 78,446 shares of the real estate investment trust’s stock, valued at approximately $2,364,000.

Several other large investors have also recently modified their holdings of the business. State Street Corp increased its stake in shares of Getty Realty by 4.6% in the third 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 stake in shares of Getty Realty by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock worth $40,713,000 after purchasing an additional 16,252 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Getty Realty by 1.5% in 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 in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Getty Realty by 17.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust’s stock worth $20,525,000 after purchasing an additional 99,530 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Getty Realty by 38.1% in the third quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust’s stock worth $19,182,000 after purchasing an additional 166,345 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GTY. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. KeyCorp raised shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.00.

Getty Realty Price Performance

GTY stock opened at $30.58 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The stock has a market cap of $1.68 billion, a PE ratio of 24.27 and a beta of 0.91. The firm has a 50 day simple moving average of $30.67 and a two-hundred day simple moving average of $31.35.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. On average, analysts predict that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.15%. Getty Realty’s dividend payout ratio is presently 149.21%.

Getty Realty Company Profile