Wells Fargo & Company MN raised its holdings in Getty Realty Corp. (NYSE:GTY - Free Report) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 361,951 shares of the real estate investment trust's stock after acquiring an additional 34,022 shares during the quarter. Wells Fargo & Company MN owned 0.69% of Getty Realty worth $10,576,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in GTY. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 54,040 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Getty Realty by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 691,157 shares of the real estate investment trust's stock valued at $20,196,000 after acquiring an additional 43,073 shares during the last quarter. Natixis Advisors L.P. boosted its stake in shares of Getty Realty by 42.5% during the 4th quarter. Natixis Advisors L.P. now owns 507,337 shares of the real estate investment trust's stock worth $14,824,000 after acquiring an additional 151,256 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Getty Realty by 11.4% in the 3rd quarter. Invesco Ltd. now owns 460,215 shares of the real estate investment trust's stock worth $12,762,000 after acquiring an additional 47,192 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Getty Realty during the fourth quarter worth $8,143,000. Institutional investors own 85.11% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on GTY shares. JMP Securities reissued a "market outperform" rating and issued a $33.00 price target on shares of Getty Realty in a research note on Monday, March 25th. StockNews.com raised shares of Getty Realty from a "sell" rating to a "hold" rating in a research report on Monday, April 22nd.
Read Our Latest Stock Analysis on GTY
Getty Realty Price Performance
GTY opened at $27.35 on Tuesday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 23.38 and a beta of 0.89. The stock has a fifty day moving average of $27.31 and a 200-day moving average of $27.87. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.84. Getty Realty Corp. has a 12-month low of $25.90 and a 12-month high of $35.56.
Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. 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 6.80% 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 period in the prior year, the company posted $0.56 earnings per share. Equities analysts forecast that Getty Realty Corp. will post 2.31 EPS for the current fiscal year.
Getty Realty Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 27th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.58%. The ex-dividend date of this dividend is Thursday, June 27th. Getty Realty's dividend payout ratio is currently 153.85%.
Getty Realty Profile
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