Heritage Wealth Management LLC Grows Position in Getty Realty Corp. (NYSE:GTY)

Heritage Wealth Management LLC increased its position in shares of Getty Realty Corp. (NYSE:GTY) by 28.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,508 shares of the real estate investment trust’s stock after buying an additional 560 shares during the period. Heritage Wealth Management LLC’s holdings in Getty Realty were worth $74,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. increased its stake in Getty Realty by 3.6% in the second quarter. BlackRock Inc. now owns 6,992,505 shares of the real estate investment trust’s stock valued at $217,817,000 after purchasing an additional 245,807 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Getty Realty by 3.2% during the second quarter. Vanguard Group Inc. now owns 5,926,529 shares of the real estate investment trust’s stock worth $184,612,000 after purchasing an additional 185,007 shares during the period. State Street Corp lifted its holdings in Getty Realty by 4.5% in the second quarter. State Street Corp now owns 1,937,380 shares of the real estate investment trust’s stock valued at $61,083,000 after acquiring an additional 84,077 shares during the period. Geode Capital Management LLC lifted its holdings in Getty Realty by 11.7% in the second quarter. Geode Capital Management LLC now owns 797,314 shares of the real estate investment trust’s stock valued at $24,836,000 after acquiring an additional 83,561 shares during the period. Finally, Northern Trust Corp lifted its holdings in Getty Realty by 5.3% in the second quarter. Northern Trust Corp now owns 699,473 shares of the real estate investment trust’s stock valued at $21,790,000 after acquiring an additional 35,082 shares during the period. Institutional investors own 68.79% of the company’s stock.

A number of research analysts have recently weighed in on the company. Robert W. Baird assumed coverage on Getty Realty in a research report on Thursday, October 21st. They issued an “outperform” rating and a $34.00 price target for the company. Zacks Investment Research cut Getty Realty from a “hold” rating to a “sell” rating in a report on Monday, November 29th. Finally, Royal Bank of Canada started coverage on Getty Realty in a report on Friday, September 17th. They issued a “sector perform” rating and a $31.00 price target for the company.

Shares of GTY opened at $31.58 on Friday. Getty Realty Corp. has a 52-week low of $25.94 and a 52-week high of $34.21. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 18.05 and a beta of 0.83. The business’s 50 day moving average is $31.65 and its two-hundred day moving average is $31.43.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, October 27th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.19). Getty Realty had a return on equity of 11.53% and a net margin of 51.37%. The company had revenue of $39.67 million for the quarter, compared to the consensus estimate of $38.61 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. On average, equities analysts expect that Getty Realty Corp. will post 1.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 6th. Stockholders of record on Thursday, December 23rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.19%. This is an increase from Getty Realty’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, December 22nd. Getty Realty’s dividend payout ratio is currently 93.71%.

Getty Realty Profile

Getty Realty Corp. operates as a real estate investment trust. It engages in the acquisition, owning, selling, and leasing of convenience store and gas service station properties. The firm operates through the following brands: 76, BP, Citgo, Conoco, Exxon, Gulf, Mobil, Sunoco, Chevron, Global, Fas Mart, Aloha, United Oil, RaceTrac, and Valero.

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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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