Nomura Asset Management Co. Ltd. Has $2.10 Million Stake in Getty Realty Corp. (NYSE:GTY)

Nomura Asset Management Co. Ltd. lifted its holdings in Getty Realty Corp. (NYSE:GTY) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,566 shares of the real estate investment trust’s stock after acquiring an additional 5,430 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.13% of Getty Realty worth $2,096,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Fifth Third Bancorp boosted its stake in Getty Realty by 923.7% in the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,216 shares in the last quarter. GAMMA Investing LLC grew its holdings in Getty Realty by 66.2% during the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 592 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in Getty Realty in the 4th quarter valued at about $45,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Getty Realty by 246.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 1,799 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Trading Down 1.1 %

Shares of NYSE GTY opened at $30.58 on Thursday. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 24.27 and a beta of 0.91. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The company’s fifty day moving average is $30.81 and its 200-day moving average is $31.25.

Getty Realty (NYSE:GTY) last posted its 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 return on equity of 7.43% and a net margin of 34.94%. Equities research analysts predict that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.88 annualized dividend and a yield of 6.15%. Getty Realty’s dividend payout ratio (DPR) is currently 149.21%.

Analysts Set New Price Targets

GTY has been the subject of a number of research reports. UBS Group assumed coverage on shares of Getty Realty in a report on Friday, March 28th. They issued a “neutral” rating and a $32.00 price target for the company. KeyCorp raised 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, JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price target on shares of Getty Realty in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.60.

About Getty Realty