Getty Realty Corp. (NYSE:GTY) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in Getty Realty Corp. (NYSE:GTY) by 8.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,635 shares of the real estate investment trust’s stock after acquiring an additional 1,280 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Getty Realty were worth $529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GTY. Price T Rowe Associates Inc. MD increased its stake in Getty Realty by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,249 shares of the real estate investment trust’s stock worth $910,000 after purchasing an additional 1,707 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Getty Realty by 1.8% in the first quarter. Public Employees Retirement System of Ohio now owns 70,509 shares of the real estate investment trust’s stock worth $1,928,000 after buying an additional 1,259 shares during the period. Boston Partners raised its holdings in shares of Getty Realty by 93.8% during the first quarter. Boston Partners now owns 60,834 shares of the real estate investment trust’s stock valued at $1,664,000 after acquiring an additional 29,448 shares during the period. Strategic Advocates LLC lifted its position in shares of Getty Realty by 10.8% in the 2nd quarter. Strategic Advocates LLC now owns 14,567 shares of the real estate investment trust’s stock valued at $388,000 after acquiring an additional 1,416 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Getty Realty by 198.3% in the 2nd quarter. SG Americas Securities LLC now owns 17,550 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 11,666 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Stock Down 1.3 %

Getty Realty stock opened at $32.88 on Friday. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a market cap of $1.81 billion, a PE ratio of 28.10 and a beta of 0.91. The firm’s 50 day moving average price is $31.89 and its two-hundred day moving average price is $30.19.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). The company had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same period last year, the company posted $0.57 earnings per share. On average, research analysts predict that Getty Realty Corp. will post 2.23 EPS for the current fiscal year.

Getty Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a $0.47 dividend. The ex-dividend date is Thursday, December 26th. This represents a $1.88 dividend on an annualized basis and a yield of 5.72%. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio is currently 160.68%.

Analysts Set New Price Targets

Several analysts have issued reports on GTY shares. JPMorgan Chase & Co. boosted their target price on shares of Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Bank of America raised Getty Realty from a “neutral” rating to a “buy” rating and upped their price target for the company from $31.00 to $34.00 in a research report on Monday, October 21st.

About Getty Realty