Pensionfund Sabic Takes $671,000 Position in Getty Realty Corporation $GTY

Pensionfund Sabic purchased a new position in shares of Getty Realty Corporation (NYSE:GTY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,500 shares of the real estate investment trust’s stock, valued at approximately $671,000.

Other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its stake in shares of Getty Realty by 7.2% in the second quarter. Ameritas Investment Partners Inc. now owns 5,300 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 356 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Getty Realty by 1.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust’s stock worth $1,012,000 after acquiring an additional 450 shares in the last quarter. Amalgamated Bank boosted its holdings in Getty Realty by 3.5% during the 3rd quarter. Amalgamated Bank now owns 15,015 shares of the real estate investment trust’s stock valued at $403,000 after acquiring an additional 503 shares during the period. Marathon Capital Management boosted its holdings in Getty Realty by 3.5% during the 2nd quarter. Marathon Capital Management now owns 15,590 shares of the real estate investment trust’s stock valued at $431,000 after acquiring an additional 525 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Getty Realty by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,441 shares of the real estate investment trust’s stock valued at $703,000 after acquiring an additional 548 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd. UBS Group lifted their price objective on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Finally, Royal Bank Of Canada upped their target price on shares of Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Getty Realty currently has an average rating of “Hold” and a consensus price target of $32.20.

Getty Realty Trading Down 0.4%

NYSE:GTY opened at $32.19 on Thursday. The firm has a market cap of $1.93 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82. The stock has a fifty day moving average price of $31.73 and a 200 day moving average price of $29.12. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $34.14. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The firm had revenue of $60.55 million during the quarter, compared to analysts’ expectations of $55.94 million. Getty Realty’s revenue was up 14.2% compared to the same quarter last year. Sell-side analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 6.0%. Getty Realty’s payout ratio is currently 144.78%.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.