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:GTY) 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:GTY) 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.

Getty Realty Company Profile