Getty Realty Corp. (NYSE:GTY) Shares Purchased by Bokf Na

Bokf Na raised its holdings in Getty Realty Corp. (NYSE:GTY) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,393 shares of the real estate investment trust’s stock after purchasing an additional 7,995 shares during the period. Bokf Na owned about 0.24% of Getty Realty worth $3,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lighthouse Investment Partners LLC bought a new position in Getty Realty during the 4th quarter valued at $8,328,000. Norges Bank acquired a new position in shares of Getty Realty in the 4th quarter worth approximately $8,143,000. Vanguard Group Inc. raised its position in shares of Getty Realty by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 7,768,393 shares of the real estate investment trust’s stock valued at $212,466,000 after acquiring an additional 252,254 shares in the last quarter. Natixis Advisors L.P. lifted its stake in Getty Realty by 42.5% during 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 purchasing an additional 151,256 shares during the last quarter. Finally, Meritage Portfolio Management bought a new stake in Getty Realty during the first quarter valued at $2,414,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GTY has been the topic of a number of research reports. JMP Securities increased their price target on Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a research report on Thursday. 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 Performance

Shares of NYSE GTY traded down $0.12 during midday trading on Monday, hitting $31.56. 7,247 shares of the company’s stock were exchanged, compared to its average volume of 267,717. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $32.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.22 and a quick ratio of 3.22. The firm has a market cap of $1.71 billion, a P/E ratio of 27.08 and a beta of 0.90. The stock’s 50 day moving average price is $27.79 and its 200-day moving average price is $27.45.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a return on equity of 6.98% and a net margin of 33.49%. The business had revenue of $49.94 million during the quarter, compared to the consensus estimate of $48.51 million. During the same period in the previous year, the company posted $0.56 EPS. Equities research analysts anticipate that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be given a $0.45 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a yield of 5.70%. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Getty Realty Profile