Loomis Sayles & Co. L P Purchases Shares of 1,489 Getty Realty Corp. (NYSE:GTY)

Loomis Sayles & Co. L P purchased a new position in shares of Getty Realty Corp. (NYSE:GTY) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,489 shares of the real estate investment trust’s stock, valued at approximately $45,000.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in Getty Realty by 923.7% during the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Getty Realty by 715.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,216 shares during the period. GAMMA Investing LLC boosted its position in shares of Getty Realty by 66.2% during the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 592 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Getty Realty by 246.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 1,799 shares during the period. Finally, KBC Group NV increased its position in Getty Realty by 42.4% in the 4th quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 922 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GTY shares. UBS Group initiated coverage on Getty Realty in a report on Friday. They issued a “neutral” rating and a $32.00 price target on the stock. JMP Securities reissued a “market outperform” rating and issued a $34.00 price target on shares of Getty Realty in a research report on Friday, January 10th. Finally, KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective on the stock in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.60.

Getty Realty Trading Up 1.9 %

NYSE GTY opened at $31.23 on Tuesday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $30.81 and a 200 day simple moving average of $31.27. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85. The firm has a market capitalization of $1.72 billion, a P/E ratio of 24.79 and a beta of 0.91.

Getty Realty (NYSE:GTY) last released its quarterly earnings results 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 net margin of 34.94% and a return on equity of 7.43%. On average, analysts predict that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a $0.47 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.02%. Getty Realty’s payout ratio is presently 149.21%.

About Getty Realty