American International Group Inc. raised its position in Getty Realty Co. (NYSE:GTY) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,842 shares of the real estate investment trust’s stock after purchasing an additional 2,615 shares during the quarter. American International Group Inc. owned 0.06% of Getty Realty worth $675,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Getty Realty during the third quarter worth about $158,000. Piedmont Investment Advisors LLC bought a new position in shares of Getty Realty during the third quarter worth about $204,000. Cubist Systematic Strategies LLC bought a new position in shares of Getty Realty during the third quarter worth about $255,000. Crossmark Global Holdings Inc. bought a new position in shares of Getty Realty during the third quarter worth about $273,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Getty Realty during the fourth quarter worth about $313,000. Institutional investors own 65.10% of the company’s stock.
A number of equities analysts have recently issued reports on GTY shares. ValuEngine upgraded Getty Realty from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded Getty Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, KeyCorp started coverage on Getty Realty in a research report on Tuesday, December 12th. They set a “sector weight” rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $28.75.
GTY stock traded up $0.38 during midday trading on Friday, reaching $25.01. The company had a trading volume of 319,636 shares, compared to its average volume of 123,342. Getty Realty Co. has a fifty-two week low of $22.68 and a fifty-two week high of $29.89. The firm has a market capitalization of $993.15, a PE ratio of 19.54, a P/E/G ratio of 6.06 and a beta of 0.55. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.68.
Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.12). Getty Realty had a return on equity of 9.41% and a net margin of 39.27%. The business had revenue of $28.16 million for the quarter, compared to analyst estimates of $27.57 million. During the same period in the prior year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. sell-side analysts predict that Getty Realty Co. will post 1.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 22nd will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 21st. This represents a $1.28 annualized dividend and a yield of 5.12%. Getty Realty’s dividend payout ratio is currently 100.00%.
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Getty Realty Profile
Getty Realty Corp. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties. As of June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.
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