24,888 Shares in Getty Realty Corp. (NYSE:GTY) Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new position in Getty Realty Corp. (NYSE:GTY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,888 shares of the real estate investment trust’s stock, valued at approximately $842,000. Harbor Capital Advisors Inc. owned 0.05% of Getty Realty as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its stake in Getty Realty by 1.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 17,093 shares of the real estate investment trust’s stock worth $579,000 after purchasing an additional 283 shares during the period. Arizona State Retirement System grew its stake in shares of Getty Realty by 2.7% in the first quarter. Arizona State Retirement System now owns 11,510 shares of the real estate investment trust’s stock worth $415,000 after acquiring an additional 302 shares during the last quarter. LPL Financial LLC boosted its position in shares of Getty Realty by 4.1% during the fourth quarter. LPL Financial LLC now owns 8,267 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 328 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Getty Realty by 2.5% during the second quarter. Maryland State Retirement & Pension System now owns 17,547 shares of the real estate investment trust’s stock valued at $593,000 after buying an additional 421 shares during the last quarter. Finally, Chilton Capital Management LLC boosted its position in shares of Getty Realty by 3.1% during the fourth quarter. Chilton Capital Management LLC now owns 14,337 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 430 shares during the last quarter. 83.55% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Up 0.3 %

GTY stock opened at $29.76 on Tuesday. Getty Realty Corp. has a fifty-two week low of $25.49 and a fifty-two week high of $36.49. The business’s 50-day moving average is $31.32 and its two-hundred day moving average is $33.21. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.39 and a current ratio of 3.39. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 11.83 and a beta of 0.87.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.30). Getty Realty had a net margin of 39.48% and a return on equity of 8.51%. The firm had revenue of $43.66 million during the quarter, compared to the consensus estimate of $43.09 million. As a group, analysts forecast that Getty Realty Corp. will post 2.26 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 28th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Wednesday, September 27th. Getty Realty’s dividend payout ratio is 124.64%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Getty Realty in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.40.

Getty Realty Company Profile