Public Sector Pension Investment Board Acquires 29,295 Shares of Getty Realty Corporation $GTY

Public Sector Pension Investment Board raised its holdings in Getty Realty Corporation (NYSE:GTY) by 16.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 203,223 shares of the real estate investment trust’s stock after acquiring an additional 29,295 shares during the period. Public Sector Pension Investment Board’s holdings in Getty Realty were worth $5,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GTY. Versor Investments LP bought a new position in Getty Realty in the 3rd quarter worth approximately $1,312,000. Navellier & Associates Inc. grew its position in shares of Getty Realty by 26.7% in the third quarter. Navellier & Associates Inc. now owns 14,420 shares of the real estate investment trust’s stock valued at $387,000 after purchasing an additional 3,042 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Getty Realty by 3.5% in the third quarter. ProShare Advisors LLC now owns 225,329 shares of the real estate investment trust’s stock valued at $6,046,000 after purchasing an additional 7,539 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of Getty Realty by 25.2% during the 3rd quarter. Alps Advisors Inc. now owns 11,021 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 2,216 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Getty Realty by 28.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,346 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 750 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Price Performance

Getty Realty stock opened at $31.79 on Friday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.35 and a beta of 0.84. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.93. The business has a 50-day simple moving average of $29.45 and a 200 day simple moving average of $28.37. Getty Realty Corporation has a 52 week low of $25.39 and a 52 week high of $34.02.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The firm had revenue of $60.55 million for the quarter, compared to analysts’ expectations of $55.94 million. The business’s revenue was up 14.2% on a year-over-year basis. On average, research analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be given a dividend of $0.485 per share. The ex-dividend date is Thursday, March 26th. This represents a $1.94 annualized dividend and a yield of 6.1%. Getty Realty’s payout ratio is presently 144.78%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.60.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.