Huntington National Bank Has $79,000 Stake in Getty Realty Corp. (NYSE:GTY)

Huntington National Bank boosted its position in Getty Realty Corp. (NYSE:GTY) by 21.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,484 shares of the real estate investment trust’s stock after purchasing an additional 441 shares during the period. Huntington National Bank’s holdings in Getty Realty were worth $79,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Getty Realty by 3.4% during 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 purchasing an additional 252,254 shares during the period. Bank of New York Mellon Corp lifted its holdings in Getty Realty by 9.8% during the 2nd 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 buying an additional 53,906 shares during the period. AQR Capital Management LLC grew its position in shares of Getty Realty by 101.3% in the 2nd quarter. AQR Capital Management LLC now owns 93,900 shares of the real estate investment trust’s stock valued at $2,503,000 after buying an additional 47,248 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Getty Realty in the second quarter valued at about $1,251,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Getty Realty during the second quarter worth about $958,000. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Trading Up 1.2 %

Shares of GTY stock opened at $31.90 on Tuesday. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.23. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a 50 day simple moving average of $31.74 and a two-hundred day simple moving average of $29.86. The company has a market cap of $1.76 billion, a P/E ratio of 26.95 and a beta of 0.91.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The company had revenue of $51.47 million during the quarter, compared to the consensus estimate of $49.79 million. During the same quarter in the prior year, the firm earned $0.57 EPS. Research analysts forecast that Getty Realty Corp. will post 2.22 earnings per share for the current year.

Getty Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.88 annualized dividend and a dividend yield of 5.89%. This is a positive change from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio is currently 160.68%.

Analyst Ratings Changes

A number of analysts have weighed in on GTY shares. Bank of America raised shares of Getty Realty from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $34.00 in a research report on Monday, October 21st. JMP Securities increased their price objective on shares of Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Getty Realty Company Profile