4 days Ago By Defense World Staff
Wells Fargo & Company MN raised its holdings in Getty Realty Corp. (NYSE:GTY – Free Report) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 369,419 shares of the real estate investment trust’s stock after buying an additional 1,231 shares during the period. Wells Fargo & Company MN owned about 0.67% of Getty Realty worth $11,131,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Getty Realty during the 4th quarter worth about $5,217,000. Cbre Investment Management Listed Real Assets LLC increased its stake in Getty Realty by 17.
1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust’s stock valued at $20,525,000 after purchasing an additional 99,530 shares during the last quarter. Congress Asset Management Co.
raised its holdings in Getty Realty by 61.5% during the fourth quarter. Congress Asset Management Co.
now owns 226,096 shares of the real estate investment trust’s stock worth $6,812,000 after purchasing an additional 86,110 shares in the last quarter. Barclays PLC lifted its position in shares of Getty Realty by 409.6% during the 3rd quarter.
Barclays PLC now owns 103,121 shares of the real estate investment trust’s stock worth $3,281,000 after buying an additional 82,887 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Getty Realty in the 4th quarter valued at $2,364,000. 85.
11% of the stock is owned by hedge funds and other institutional investors. Getty Realty Trading Up 0.2 %NYSE GTY opened at $28.
62 on Wednesday. The firm’s fifty day moving average is $30.26 and its two-hundred day moving average is $30.
98. Getty Realty Corp. has a one year low of $25.
70 and a one year high of $33.85. The company has a debt-to-equity ratio of 0.
94, a quick ratio of 2.28 and a current ratio of 2.28.
The firm has a market cap of $1.58 billion, a PE ratio of 22.72 and a beta of 0.
85. Getty Realty (NYSE:GTY – Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.
60 earnings per share (EPS) for the quarter, beating 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%.
Analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current year.
Getty Realty Announces DividendThe business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a dividend of $0.47 per share.
This represents a $1.88 annualized dividend and a dividend yield of 6.57%.
The ex-dividend date was Thursday, March 27th. Getty Realty’s dividend payout ratio is presently 149.21%.
Wall Street Analyst Weigh InA number of equities research analysts recently weighed in on the stock. KeyCorp raised shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target for the company in a research report on Tuesday, December 17th.
UBS Group started coverage on Getty Realty in a report on Friday, March 28th. They issued a “neutral” rating and a $32.00 target price for the company.
Finally, JMP Securities reissued a “market outperform” rating and issued a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.60.
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