Heritage Wealth Management LLC boosted its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 28.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,508 shares of the real estate investment trust’s stock after purchasing an additional 560 shares during the period. Heritage Wealth Management LLC’s holdings in Getty Realty were worth $74,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GTY. Amundi Pioneer Asset Management Inc. increased its stake in shares of Getty Realty by 11.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 66,537 shares of the real estate investment trust’s stock valued at $2,130,000 after buying an additional 6,790 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of Getty Realty by 3.2% in the second quarter. Advisor Group Holdings Inc. now owns 22,855 shares of the real estate investment trust’s stock valued at $712,000 after purchasing an additional 715 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Getty Realty by 1.3% in the second quarter. Rhumbline Advisers now owns 125,460 shares of the real estate investment trust’s stock valued at $3,908,000 after purchasing an additional 1,608 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Getty Realty by 3.5% in the second quarter. PNC Financial Services Group Inc. now owns 14,068 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 477 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Getty Realty by 33.0% in the second quarter. Sei Investments Co. now owns 56,197 shares of the real estate investment trust’s stock valued at $1,751,000 after acquiring an additional 13,946 shares during the last quarter. 68.79% of the stock is owned by institutional investors.
Shares of GTY stock opened at $31.58 on Friday. Getty Realty Corp. has a 12-month low of $25.94 and a 12-month high of $34.21. The firm has a market cap of $1.43 billion, a P/E ratio of 18.05 and a beta of 0.83. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $31.65 and a 200-day moving average of $31.43.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 6th. Shareholders of record on Thursday, December 23rd were paid a $0.41 dividend. The ex-dividend date was Wednesday, December 22nd. This is an increase from Getty Realty’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a yield of 5.19%. Getty Realty’s payout ratio is currently 93.71%.
GTY has been the topic of a number of recent analyst reports. Robert W. Baird initiated coverage on Getty Realty in a research report on Thursday, October 21st. They set an “outperform” rating and a $34.00 price target on the stock. Zacks Investment Research cut Getty Realty from a “hold” rating to a “sell” rating in a research note on Monday, November 29th. Finally, Royal Bank of Canada began coverage on Getty Realty in a research note on Friday, September 17th. They set a “sector perform” rating and a $31.00 target price for the company.
Getty Realty Company Profile
Getty Realty Corp. operates as a real estate investment trust. It engages in the acquisition, owning, selling, and leasing of convenience store and gas service station properties. The firm operates through the following brands: 76, BP, Citgo, Conoco, Exxon, Gulf, Mobil, Sunoco, Chevron, Global, Fas Mart, Aloha, United Oil, RaceTrac, and Valero.
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