Stifel Financial Corp Increases Stock Position in Getty Realty Corp. (NYSE:GTY)

Stifel Financial Corp boosted its stake in Getty Realty Corp. (NYSE:GTY) by 79.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,761 shares of the real estate investment trust’s stock after acquiring an additional 88,253 shares during the period. Stifel Financial Corp owned about 0.36% of Getty Realty worth $6,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GTY. SG Americas Securities LLC lifted its position in Getty Realty by 198.3% in the second quarter. SG Americas Securities LLC now owns 17,550 shares of the real estate investment trust’s stock valued at $468,000 after acquiring an additional 11,666 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Getty Realty by 47.1% during the second quarter. Nisa Investment Advisors LLC now owns 33,956 shares of the real estate investment trust’s stock worth $921,000 after buying an additional 10,877 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Getty Realty by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock worth $659,000 after buying an additional 400 shares during the period. Clear Creek Financial Management LLC boosted its stake in shares of Getty Realty by 5.0% during the second quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 375 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Getty Realty by 9.8% during the second quarter. Bank of New York Mellon Corp now owns 601,341 shares of the real estate investment trust’s stock worth $16,032,000 after buying an additional 53,906 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Trading Down 0.4 %

NYSE GTY opened at $32.06 on Friday. The stock has a market capitalization of $1.76 billion, a P/E ratio of 27.40 and a beta of 0.92. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The firm has a 50-day moving average price of $31.99 and a 200 day moving average price of $30.44. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87.

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

Getty Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.86%. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, December 26th. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Wall Street Analysts Forecast Growth

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

About Getty Realty