Y Intercept Hong Kong Ltd Grows Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Y Intercept Hong Kong Ltd raised its position in Getty Realty Corp. (NYSE:GTY) by 20.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,259 shares of the real estate investment trust’s stock after acquiring an additional 5,207 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.05% of Getty Realty worth $963,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GTY. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Getty Realty during the second quarter valued at about $29,000. Point72 Hong Kong Ltd purchased a new position in shares of Getty Realty during the second quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Getty Realty by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 513 shares during the period. KBC Group NV increased its position in shares of Getty Realty by 45.8% during the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 683 shares during the period. Finally, Huntington National Bank increased its position in shares of Getty Realty by 21.6% during the third quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 441 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GTY shares. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $34.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective 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 Trading Down 0.2 %

NYSE:GTY opened at $32.20 on Friday. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44. The company’s 50-day simple moving average is $31.99 and its 200 day simple moving average is $30.44. The firm has a market capitalization of $1.77 billion, a P/E ratio of 27.52 and a beta of 0.92.

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

Getty Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Thursday, December 26th. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio is currently 160.68%.

Getty Realty Company Profile