UBS Asset Management Americas Inc. boosted its stake in shares of Getty Realty Co. (NYSE:GTY) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,298 shares of the real estate investment trust’s stock after acquiring an additional 9,865 shares during the quarter. UBS Asset Management Americas Inc. owned 0.16% of Getty Realty worth $1,773,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. raised its position in Getty Realty by 5.5% during the fourth quarter. BlackRock Inc. now owns 4,955,781 shares of the real estate investment trust’s stock valued at $134,597,000 after acquiring an additional 257,553 shares in the last quarter. Rhumbline Advisers raised its position in Getty Realty by 19.2% during the fourth quarter. Rhumbline Advisers now owns 80,748 shares of the real estate investment trust’s stock valued at $2,193,000 after acquiring an additional 13,027 shares in the last quarter. Arizona State Retirement System raised its position in Getty Realty by 225.6% during the fourth quarter. Arizona State Retirement System now owns 55,257 shares of the real estate investment trust’s stock valued at $1,501,000 after acquiring an additional 38,288 shares in the last quarter. Wells Fargo & Company MN raised its position in Getty Realty by 14.5% during the fourth quarter. Wells Fargo & Company MN now owns 141,002 shares of the real estate investment trust’s stock valued at $3,830,000 after acquiring an additional 17,851 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Getty Realty by 181.4% during the fourth quarter. First Trust Advisors LP now owns 27,414 shares of the real estate investment trust’s stock valued at $745,000 after acquiring an additional 17,671 shares in the last quarter. Institutional investors own 65.09% of the company’s stock.
Shares of Getty Realty Co. (GTY) opened at $24.71 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.41 and a quick ratio of 1.41. Getty Realty Co. has a 1-year low of $22.68 and a 1-year high of $29.89. The company has a market capitalization of $993.15, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 6.06 and a beta of 0.55.
Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.12). Getty Realty had a net margin of 39.27% and a return on equity of 9.41%. The business had revenue of $28.16 million during the quarter, compared to analyst estimates of $27.57 million. During the same period in the previous year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. equities research analysts anticipate that Getty Realty Co. will post 1.77 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Wednesday, March 21st. Getty Realty’s payout ratio is currently 100.00%.
Several analysts have commented on the company. ValuEngine raised Getty Realty from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised Getty Realty from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, KeyCorp assumed coverage on Getty Realty in a report on Tuesday, December 12th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $28.75.
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Getty Realty Company Profile
Getty Realty Corp. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties. As of June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.
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