Everence Capital Management Inc. Buys Shares of 8,400 Getty Realty Corp. (NYSE:GTY)

Everence Capital Management Inc. bought a new stake in shares of Getty Realty Corp. (NYSE:GTY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,400 shares of the real estate investment trust’s stock, valued at approximately $245,000.

Several other large investors have also modified their holdings of the business. Invesco Ltd. boosted its holdings in shares of Getty Realty by 11.4% in the third quarter. Invesco Ltd. now owns 460,215 shares of the real estate investment trust’s stock valued at $12,762,000 after purchasing an additional 47,192 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Getty Realty by 3.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 51,010 shares of the real estate investment trust’s stock valued at $1,415,000 after purchasing an additional 1,900 shares during the period. Cornercap Investment Counsel Inc. boosted its holdings in shares of Getty Realty by 116.2% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 23,214 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 12,478 shares during the period. Employees Retirement System of Texas purchased a new stake in shares of Getty Realty in the third quarter valued at approximately $1,054,000. Finally, Boston Partners raised its stake in Getty Realty by 120.7% in the third quarter. Boston Partners now owns 175,092 shares of the real estate investment trust’s stock worth $4,855,000 after buying an additional 95,760 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GTY. StockNews.com downgraded shares of Getty Realty from a “hold” rating to a “sell” rating in a research note on Saturday, April 13th. JMP Securities reissued a “market outperform” rating and issued a $33.00 price objective on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Stock Performance

Shares of NYSE:GTY opened at $26.50 on Friday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 23.04 and a beta of 0.89. Getty Realty Corp. has a 52 week low of $25.90 and a 52 week high of $35.56. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average of $26.90 and a 200 day moving average of $27.82.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The business had revenue of $45.62 million during the quarter, compared to the consensus estimate of $47.19 million. Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. On average, sell-side analysts predict that Getty Realty Corp. will post 2.31 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date was Wednesday, March 27th. Getty Realty’s payout ratio is presently 156.52%.

About Getty Realty