Wealthfront Advisers LLC Takes Position in Getty Realty Corp. (NYSE:GTY)

Wealthfront Advisers LLC acquired a new stake in shares of Getty Realty Corp. (NYSE:GTY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 78,446 shares of the real estate investment trust’s stock, valued at approximately $2,364,000. Wealthfront Advisers LLC owned about 0.14% of Getty Realty at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Getty Realty by 44.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,068 shares of the real estate investment trust’s stock valued at $816,000 after buying an additional 8,313 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Getty Realty during the fourth quarter valued at about $886,000. Proficio Capital Partners LLC acquired a new position in shares of Getty Realty during the fourth quarter valued at about $359,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Getty Realty by 17.1% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust’s stock valued at $20,525,000 after buying an additional 99,530 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Getty Realty by 246.4% during the fourth 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 last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GTY. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a report on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and set a $34.00 price target on shares of Getty Realty in a research report on Friday, January 10th. Two 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Getty Realty Stock Up 1.1 %

GTY opened at $30.58 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The company’s 50-day moving average is $30.67 and its 200 day moving average is $31.35. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The firm has a market capitalization of $1.68 billion, a P/E ratio of 24.27 and a beta of 0.91.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Research analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s dividend payout ratio is 149.21%.

Getty Realty Company Profile