Renaissance Technologies LLC Buys 2,163 Shares of Getty Realty Corp. (NYSE:GTY)

Renaissance Technologies LLC increased its stake in Getty Realty Corp. (NYSE:GTY) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 379,529 shares of the real estate investment trust’s stock after buying an additional 2,163 shares during the quarter. Renaissance Technologies LLC’s holdings in Getty Realty were worth $11,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GTY. Fifth Third Bancorp lifted its stake in Getty Realty by 923.7% in the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,210 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Getty Realty by 715.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,216 shares during the period. GAMMA Investing LLC raised its holdings in shares of Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 592 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Getty Realty in the 4th quarter valued at about $45,000. Finally, Jones Financial Companies Lllp grew its holdings in Getty Realty by 246.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 1,799 shares during the period. 85.11% of the stock is owned by institutional investors.

Getty Realty Stock Up 0.2 %

GTY opened at $28.62 on Wednesday. The stock has a fifty day moving average of $30.26 and a 200-day moving average of $30.98. The company has a market capitalization of $1.58 billion, a P/E ratio of 22.72 and a beta of 0.85. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week 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.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. On average, equities analysts expect that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were paid a $0.47 dividend. 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 (DPR) is currently 149.21%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GTY. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a research report on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. Finally, UBS Group assumed coverage on shares of Getty Realty in a research report on Friday, March 28th. They issued a “neutral” rating and a $32.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.60.

About Getty Realty