Keybank National Association OH Invests $2.74 Million in Getty Realty Corp. (GTY)

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Keybank National Association OH bought a new stake in Getty Realty Corp. (NYSE:GTY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 85,612 shares of the real estate investment trust’s stock, valued at approximately $2,742,000.

Several other institutional investors have also made changes to their positions in GTY. Norges Bank bought a new stake in shares of Getty Realty in the fourth quarter valued at about $11,136,000. Monarch Partners Asset Management LLC bought a new stake in shares of Getty Realty in the fourth quarter valued at about $6,860,000. BlackRock Inc. boosted its position in shares of Getty Realty by 2.8% in the fourth quarter. BlackRock Inc. now owns 5,835,318 shares of the real estate investment trust’s stock valued at $171,617,000 after acquiring an additional 159,033 shares during the period. Bank of Montreal Can boosted its position in shares of Getty Realty by 6,384.9% in the first quarter. Bank of Montreal Can now owns 93,642 shares of the real estate investment trust’s stock valued at $2,999,000 after acquiring an additional 92,198 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Getty Realty by 34.9% in the fourth quarter. Bank of America Corp DE now owns 232,161 shares of the real estate investment trust’s stock valued at $6,828,000 after acquiring an additional 60,100 shares during the period. 63.81% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $30.75.

GTY stock opened at $32.18 on Friday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 18.82, a P/E/G ratio of 6.43 and a beta of 0.59. Getty Realty Corp. has a 52 week low of $25.02 and a 52 week high of $35.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.70 and a quick ratio of 1.70.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Tuesday, February 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.16). The company had revenue of $29.45 million during the quarter, compared to analyst estimates of $30.05 million. Getty Realty had a net margin of 35.21% and a return on equity of 8.56%. On average, sell-side analysts predict that Getty Realty Corp. will post 1.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Wednesday, June 19th. Getty Realty’s dividend payout ratio (DPR) is presently 81.87%.

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Getty Realty Company Profile

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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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