Public Employees Retirement System of Ohio Purchases 1,621 Shares of Getty Realty Corp. (NYSE:GTY)

Public Employees Retirement System of Ohio increased its position in Getty Realty Corp. (NYSE:GTY) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,598 shares of the real estate investment trust’s stock after purchasing an additional 1,621 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.13% of Getty Realty worth $2,278,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Clear Creek Financial Management LLC lifted its holdings in shares of Getty Realty by 5.0% during the 2nd quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 375 shares during the period. Louisiana State Employees Retirement System raised its position in Getty Realty by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock worth $659,000 after purchasing an additional 400 shares in the last quarter. Huntington National Bank lifted its stake in 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 worth $79,000 after purchasing an additional 441 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 purchasing an additional 513 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Getty Realty by 4.3% in the 2nd quarter. Arizona State Retirement System now owns 14,352 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 593 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Price Performance

Getty Realty stock opened at $32.14 on Wednesday. The business’s fifty day moving average is $32.03 and its two-hundred day moving average is $30.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a market cap of $1.77 billion, a P/E ratio of 27.62 and a beta of 0.92. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). The business had revenue of $51.47 million during the quarter, compared to the consensus estimate of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same period in the prior year, the firm earned $0.57 earnings per share. Equities research analysts forecast that Getty Realty Corp. will post 2.23 earnings per share 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. Investors of record on Thursday, December 26th will be issued a $0.47 dividend. The ex-dividend date is Thursday, December 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.85%. This is a positive change from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio (DPR) is currently 160.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GTY shares. KeyCorp upgraded Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price for the company in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Finally, Bank of America raised shares of Getty Realty from a “neutral” rating to a “buy” rating and upped their target price for the stock from $31.00 to $34.00 in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Getty Realty currently has a consensus rating of “Moderate Buy” and an average target price of $33.75.

Getty Realty Profile