New Age Alpha Advisors LLC Buys New Stake in Getty Realty Corp. (NYSE:GTY)

New Age Alpha Advisors LLC purchased a new position in shares of Getty Realty Corp. (NYSE:GTY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 67,864 shares of the real estate investment trust’s stock, valued at approximately $2,045,000. New Age Alpha Advisors LLC owned 0.12% of Getty Realty as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. HighTower Advisors LLC increased its holdings in shares of Getty Realty by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust’s stock valued at $1,904,000 after purchasing an additional 391 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Getty Realty by 1.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust’s stock valued at $738,000 after buying an additional 400 shares in the last quarter. American Century Companies Inc. increased its holdings in Getty Realty by 3.4% in the fourth quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 533 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Getty Realty by 66.2% in the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 592 shares during the period. Finally, Bridge City Capital LLC boosted its stake in shares of Getty Realty by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 85,047 shares of the real estate investment trust’s stock worth $2,562,000 after acquiring an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GTY shares. JMP Securities restated a “market outperform” rating and issued a $34.00 price target on shares of Getty Realty in a research note on Friday, January 10th. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price for the company in a research note on Tuesday, December 17th. Finally, UBS Group started coverage on shares of Getty Realty in a research note on Friday. They issued a “neutral” rating and a $32.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Getty Realty currently has an average rating of “Moderate Buy” and a consensus price target of $33.60.

Getty Realty Stock Performance

NYSE GTY opened at $30.64 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The stock’s 50 day simple moving average is $30.80 and its 200-day simple moving average is $31.27. The company has a market cap of $1.69 billion, a PE ratio of 24.32 and a beta of 0.91. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.85.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. As a group, equities research analysts anticipate that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 annualized dividend and a yield of 6.13%. Getty Realty’s dividend payout ratio is presently 149.21%.

Getty Realty Company Profile