19,432 Shares in Getty Realty Corp. (NYSE:GTY) Purchased by Atom Investors LP

Atom Investors LP bought a new stake in shares of Getty Realty Corp. (NYSE:GTYFree Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,432 shares of the real estate investment trust’s stock, valued at approximately $618,000.

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

Getty Realty Trading Down 1.0 %

Shares of Getty Realty stock opened at $32.35 on Wednesday. The business has a fifty day simple moving average of $31.91 and a 200-day simple moving average of $30.26. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 27.65 and a beta of 0.92. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTYGet Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The business had revenue of $51.47 million for the quarter, compared to the consensus estimate of $49.79 million. During the same quarter last year, the business posted $0.57 EPS. On average, equities analysts forecast that Getty Realty Corp. will post 2.23 EPS for the current fiscal year.

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.88 annualized dividend and a dividend yield of 5.81%. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio is currently 153.85%.

Analysts Set New Price Targets

GTY has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $34.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. upped their price target on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th.

Read Our Latest Stock Report on GTY

Getty Realty Company Profile

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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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