Public Employees Retirement System of Ohio Purchases 1,621 Shares of Getty Realty Corp. (NYSE:GTY)

Public Employees Retirement System of Ohio boosted its position in shares of Getty Realty Corp. (NYSE:GTY) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 71,598 shares of the real estate investment trust’s stock after buying an additional 1,621 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Getty Realty were worth $2,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Getty Realty during the 2nd quarter worth approximately $29,000. Point72 Hong Kong Ltd acquired a new position in Getty Realty in the second quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Getty Realty by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 513 shares during the last quarter. KBC Group NV grew its holdings in Getty Realty by 45.8% during the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 683 shares during the period. Finally, Huntington National Bank raised its position in shares of Getty Realty by 21.6% during the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 441 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GTY has been the topic of several recent research reports. KeyCorp upgraded Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target on the stock in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Finally, 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 note on Monday, October 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Getty Realty currently has an average rating of “Moderate Buy” and an average target price of $33.75.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $32.14 on Wednesday. The stock’s fifty day simple moving average is $32.03 and its 200 day simple moving average is $30.56. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $1.77 billion, a PE ratio of 27.62 and a beta of 0.92. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85.

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

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio is 160.68%.

Getty Realty Profile