Illinois Municipal Retirement Fund Boosts Stock Position in Getty Realty Corp. (NYSE:GTY)

Illinois Municipal Retirement Fund boosted its stake in shares of Getty Realty Corp. (NYSE:GTY) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,673 shares of the real estate investment trust’s stock after purchasing an additional 584 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Getty Realty were worth $750,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Brown Advisory Inc. increased its holdings in Getty Realty by 3.0% during the 3rd quarter. Brown Advisory Inc. now owns 825,185 shares of the real estate investment trust’s stock worth $22,882,000 after purchasing an additional 23,964 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Getty Realty by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 674,992 shares of the real estate investment trust’s stock worth $18,718,000 after purchasing an additional 22,626 shares during the period. Invesco Ltd. increased its holdings in Getty Realty by 11.4% during the 3rd quarter. Invesco Ltd. now owns 460,215 shares of the real estate investment trust’s stock worth $12,762,000 after purchasing an additional 47,192 shares during the period. Envestnet Asset Management Inc. increased its holdings in Getty Realty by 48.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 240,443 shares of the real estate investment trust’s stock worth $6,667,000 after purchasing an additional 78,903 shares during the period. Finally, Boston Partners increased its holdings in Getty Realty by 120.7% during the 3rd quarter. Boston Partners now owns 175,092 shares of the real estate investment trust’s stock worth $4,855,000 after purchasing an additional 95,760 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com upgraded Getty Realty from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. JMP Securities reiterated a “market outperform” rating and issued a $33.00 price objective on shares of Getty Realty in a report on Monday, March 25th.

Getty Realty Trading Up 0.6 %

GTY opened at $27.09 on Tuesday. Getty Realty Corp. has a one year low of $25.90 and a one year high of $35.56. The company has a market cap of $1.46 billion, a P/E ratio of 23.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.73 and a current ratio of 3.37. The business’s 50-day simple moving average is $26.88 and its 200-day simple moving average is $27.81.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. The business had revenue of $48.97 million during the quarter, compared to analysts’ expectations of $46.63 million. During the same quarter in the previous year, the company posted $0.56 EPS. As a group, equities research analysts expect that Getty Realty Corp. will post 2.31 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 27th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.64%. Getty Realty’s dividend payout ratio (DPR) is presently 153.85%.

Getty Realty Company Profile