Great West Life Assurance Co. Can boosted its position in shares of Getty Realty Corp. (NYSE:GTY) by 33.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,724 shares of the real estate investment trust’s stock after purchasing an additional 15,384 shares during the period. Great West Life Assurance Co. Can owned 0.15% of Getty Realty worth $1,712,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Getty Realty in the 1st quarter worth approximately $103,000. SG Americas Securities LLC acquired a new position in Getty Realty during the 1st quarter worth $111,000. Piedmont Investment Advisors LLC acquired a new position in Getty Realty during the 2nd quarter worth $216,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Getty Realty by 168.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,130 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 5,100 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new position in Getty Realty during the 2nd quarter worth $242,000. 64.32% of the stock is owned by hedge funds and other institutional investors.
NYSE GTY traded down $0.58 on Friday, reaching $26.72. The company had a trading volume of 166,419 shares, compared to its average volume of 123,238. The firm has a market cap of $1.15 billion, a PE ratio of 16.10, a PEG ratio of 9.12 and a beta of 0.39. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.73. Getty Realty Corp. has a 1-year low of $22.68 and a 1-year high of $29.89.
Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Getty Realty had a net margin of 35.39% and a return on equity of 8.43%. The firm had revenue of $29.02 million during the quarter, compared to analyst estimates of $28.99 million. Equities research analysts forecast that Getty Realty Corp. will post 1.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Thursday, September 20th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, September 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.79%. Getty Realty’s dividend payout ratio is 77.11%.
Several research analysts have issued reports on the company. Zacks Investment Research raised Getty Realty from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, July 11th. ValuEngine upgraded shares of Getty Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. Bank of America upped their price objective on shares of Getty Realty from $28.50 to $30.00 and gave the company a “buy” rating in a research report on Monday, July 16th. Finally, BTIG Research began coverage on shares of Getty Realty in a research report on Tuesday, July 24th. They issued a “buy” rating and a $31.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $30.75.
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