Getty Realty Corp. (NYSE:GTY) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC raised its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 23.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,215 shares of the real estate investment trust’s stock after purchasing an additional 5,328 shares during the quarter. Avior Wealth Management LLC owned 0.05% of Getty Realty worth $898,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Getty Realty during the 2nd quarter valued at approximately $29,000. Point72 Hong Kong Ltd acquired a new stake in Getty Realty during the 2nd quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Getty Realty by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 513 shares in the last quarter. KBC Group NV grew its stake in Getty Realty by 45.8% during the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 683 shares in the last quarter. Finally, Huntington National Bank grew its stake in Getty Realty by 21.6% during the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 441 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Trading Down 0.3 %

Shares of NYSE GTY opened at $32.70 on Thursday. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 28.16 and a beta of 0.91. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.23. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87. The stock’s 50 day simple moving average is $31.77 and its 200 day simple moving average is $29.93.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.28). The company had revenue of $51.47 million during the quarter, compared to the consensus estimate of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same period last year, the business posted $0.57 EPS. Equities research analysts expect that Getty Realty Corp. will post 2.22 EPS for the current year.

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a $0.47 dividend. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.88 annualized dividend and a dividend yield of 5.75%. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JMP Securities lifted their target price on Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, Bank of America upgraded Getty Realty from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $34.00 in a research report on Monday, October 21st.

Getty Realty Company Profile