New Age Alpha Advisors LLC Acquires New Shares in Getty Realty Corp. (NYSE:GTY)

New Age Alpha Advisors LLC bought a new stake in Getty Realty Corp. (NYSE:GTY) during the fourth quarter, Holdings Channel.com reports. The firm bought 67,864 shares of the real estate investment trust’s stock, valued at approximately $2,045,000.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in Getty Realty in the 4th quarter valued at about $5,217,000. Loomis Sayles & Co. L P acquired a new stake in shares of Getty Realty during the fourth quarter valued at about $45,000. JPMorgan Chase & Co. raised its stake in shares of Getty Realty by 33.9% in the 4th quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust’s stock valued at $8,361,000 after acquiring an additional 70,327 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Getty Realty by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust’s stock worth $236,937,000 after acquiring an additional 48,491 shares during the last quarter. Finally, Bridge City Capital LLC boosted its position in shares of Getty Realty by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 85,047 shares of the real estate investment trust’s stock worth $2,562,000 after purchasing an additional 756 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GTY shares. UBS Group began coverage on Getty Realty in a research report on Friday. They issued a “neutral” rating and a $32.00 target price on the stock. JMP Securities reissued a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research note on Friday, January 10th. Finally, KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price for the company in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.60.

Getty Realty Stock Up 0.2 %

Getty Realty stock opened at $30.64 on Friday. The firm has a market capitalization of $1.69 billion, a P/E ratio of 24.32 and a beta of 0.91. The stock’s fifty day simple moving average is $30.80 and its 200-day simple moving average is $31.27. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data 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%. As a group, equities analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company 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. This represents a $1.88 annualized dividend and a yield of 6.13%. The ex-dividend date is Thursday, March 27th. Getty Realty’s dividend payout ratio (DPR) is presently 149.21%.

Getty Realty Company Profile