Loomis Sayles & Co. L P Purchases New Stake in Getty Realty Corp. (NYSE:GTY)

Loomis Sayles & Co. L P acquired a new position in shares of Getty Realty Corp. (NYSE:GTY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,489 shares of the real estate investment trust’s stock, valued at approximately $45,000.

Several other hedge funds have also added to or reduced their stakes in GTY. JPMorgan Chase & Co. increased its stake in shares of Getty Realty by 33.9% during the 4th quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust’s stock worth $8,361,000 after purchasing an additional 70,327 shares during the last quarter. Vanguard Group Inc. increased its position in Getty Realty by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust’s stock worth $236,937,000 after buying an additional 48,491 shares during the last quarter. Bridge City Capital LLC raised its stake in shares of Getty Realty by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 85,047 shares of the real estate investment trust’s stock valued at $2,562,000 after buying an additional 756 shares during the period. LPL Financial LLC lifted its position in shares of Getty Realty by 20.8% during the 4th quarter. LPL Financial LLC now owns 68,003 shares of the real estate investment trust’s stock valued at $2,049,000 after buying an additional 11,691 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Getty Realty during the 4th quarter worth $919,000. Institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target on the stock in a research note on Tuesday, December 17th. Finally, UBS Group began coverage on shares of Getty Realty in a research note on Friday. They issued a “neutral” rating and a $32.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.60.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $31.23 on Tuesday. The company has a 50 day moving average of $30.81 and a 200 day moving average of $31.27. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1.72 billion, a P/E ratio of 24.79 and a beta of 0.91. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85.

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

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.02%. Getty Realty’s dividend payout ratio (DPR) is presently 149.21%.

About Getty Realty