Getty Realty Corp. (NYSE:GTY) Stock Holdings Increased by Avior Wealth Management LLC

Avior Wealth Management LLC raised its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 23.3% during the 3rd quarter, Holdings Channel reports. The fund owned 28,215 shares of the real estate investment trust’s stock after purchasing an additional 5,328 shares during the period. Avior Wealth Management LLC’s holdings in Getty Realty were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Clear Creek Financial Management LLC raised its stake in Getty Realty by 5.0% during the 2nd quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 375 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Getty Realty by 1.6% in the 2nd 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 in the last quarter. Huntington National Bank raised its stake in shares of Getty Realty by 21.6% in the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 441 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Getty Realty by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 513 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Getty Realty by 4.3% in the 2nd quarter. Arizona State Retirement System now owns 14,352 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 593 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

Shares of NYSE GTY opened at $32.70 on Thursday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 28.16 and a beta of 0.91. The stock’s fifty day simple moving average is $31.77 and its 200 day simple moving average is $29.93. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.23.

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 return on equity of 6.84% and a net margin of 32.97%. The company had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. As a group, sell-side analysts forecast that Getty Realty Corp. will post 2.22 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The firm 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 dividend of $0.47 per share. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.75%. Getty Realty’s payout ratio is currently 153.85%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JMP Securities boosted their price objective on Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 25th. Bank of America raised Getty Realty from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $34.00 in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th.

About Getty Realty