Navellier & Associates Inc. Raises Holdings in Getty Realty Corp. (NYSE:GTY)

Navellier & Associates Inc. raised its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 39.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,759 shares of the real estate investment trust’s stock after purchasing an additional 3,863 shares during the period. Navellier & Associates Inc.’s holdings in Getty Realty were worth $415,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in Getty Realty by 923.7% during the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,210 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 valued at $45,000 after purchasing an additional 592 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Getty Realty by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 513 shares during the last quarter. KBC Group NV boosted its stake in shares of Getty Realty by 45.8% in the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 683 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of Getty Realty by 21.6% in the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 441 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $30.43 on Monday. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The stock’s fifty day moving average is $30.52 and its 200 day moving average is $31.33. The stock has a market cap of $1.67 billion, a P/E ratio of 24.15 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28.

Getty Realty (NYSE:GTY) last announced its 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 return on equity of 7.43% and a net margin of 34.94%. Sell-side analysts anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The firm also recently declared 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 of this dividend is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.18%. Getty Realty’s dividend payout ratio is presently 149.21%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. KeyCorp upgraded 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. JMP Securities restated a “market outperform” rating and issued a $34.00 price target on shares of Getty Realty in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Getty Realty Profile