Navellier & Associates Inc. Buys 2,291 Shares of Getty Realty Corp. (NYSE:GTY)

Navellier & Associates Inc. raised its stake in Getty Realty Corp. (NYSE:GTY) by 19.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,852 shares of the real estate investment trust’s stock after buying an additional 2,291 shares during the period. Navellier & Associates Inc.’s holdings in Getty Realty were worth $405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Natixis Advisors L.P. boosted its stake in Getty Realty by 42.5% in the fourth quarter. Natixis Advisors L.P. now owns 507,337 shares of the real estate investment trust’s stock worth $14,824,000 after buying an additional 151,256 shares in the last quarter. Boston Partners grew its holdings in Getty Realty by 120.7% in the 3rd quarter. Boston Partners now owns 175,092 shares of the real estate investment trust’s stock worth $4,855,000 after acquiring an additional 95,760 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Getty Realty by 48.8% in the third quarter. Envestnet Asset Management Inc. now owns 240,443 shares of the real estate investment trust’s stock valued at $6,667,000 after acquiring an additional 78,903 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Getty Realty by 8.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 729,032 shares of the real estate investment trust’s stock valued at $21,302,000 after acquiring an additional 54,040 shares during the last quarter. Finally, GraniteShares Advisors LLC bought a new stake in shares of Getty Realty in the fourth quarter worth about $1,473,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JMP Securities reaffirmed a “market outperform” rating and set a $33.00 price target on shares of Getty Realty in a research report on Monday, March 25th. StockNews.com upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

Getty Realty Stock Down 0.1 %

Getty Realty stock traded down $0.02 on Friday, hitting $28.45. 160,818 shares of the stock traded hands, compared to its average volume of 200,743. Getty Realty Corp. has a 1 year low of $25.90 and a 1 year high of $35.56. The firm has a market cap of $1.54 billion, a P/E ratio of 24.32 and a beta of 0.88. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.84. The business’s fifty day simple moving average is $27.17 and its 200 day simple moving average is $27.88.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. The business had revenue of $48.97 million during the quarter, compared to analysts’ expectations of $46.63 million. During the same quarter last year, the company posted $0.56 EPS. As a group, sell-side analysts forecast that Getty Realty Corp. will post 2.31 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 27th will be paid a $0.45 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.33%. Getty Realty’s dividend payout ratio is currently 153.85%.

Getty Realty Company Profile