Getty Realty Corp. (NYSE:GTY) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in Getty Realty Corp. (NYSE:GTY) by 38.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 603,023 shares of the real estate investment trust’s stock after purchasing an additional 166,345 shares during the period. Natixis Advisors LLC’s holdings in Getty Realty were worth $19,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GTY. Vanguard Group Inc. grew its position in Getty Realty by 3.4% in the first quarter. Vanguard Group Inc. now owns 7,768,393 shares of the real estate investment trust’s stock worth $212,466,000 after acquiring an additional 252,254 shares during the period. Bank of New York Mellon Corp grew its position in Getty Realty by 9.8% in the second quarter. Bank of New York Mellon Corp now owns 601,341 shares of the real estate investment trust’s stock worth $16,032,000 after acquiring an additional 53,906 shares during the period. AQR Capital Management LLC grew its position in Getty Realty by 101.3% in the second quarter. AQR Capital Management LLC now owns 93,900 shares of the real estate investment trust’s stock worth $2,503,000 after acquiring an additional 47,248 shares during the period. Marshall Wace LLP purchased a new position in Getty Realty in the second quarter worth approximately $1,251,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Getty Realty in the second quarter worth approximately $958,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Up 3.3 %

Getty Realty stock opened at $32.95 on Wednesday. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44. The stock has a market cap of $1.81 billion, a PE ratio of 28.16 and a beta of 0.91. The stock’s fifty day moving average is $31.75 and its two-hundred day moving average is $29.89.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The business had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, sell-side analysts expect that Getty Realty Corp. will post 2.22 EPS for the current fiscal year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a yield of 5.71%. Getty Realty’s dividend payout ratio (DPR) is currently 153.85%.

Analysts Set New Price Targets

GTY has been the subject of several research analyst reports. Bank of America upgraded Getty Realty from a “neutral” rating to a “buy” rating and raised their price target for the stock from $31.00 to $34.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. raised their price target on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, JMP Securities raised their price target on Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th.

Getty Realty Profile