Public Sector Pension Investment Board Has $3.36 Million Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Public Sector Pension Investment Board decreased its position in Getty Realty Corp. (NYSE:GTY) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,742 shares of the real estate investment trust’s stock after selling 2,300 shares during the period. Public Sector Pension Investment Board’s holdings in Getty Realty were worth $3,364,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GTY. Charles Schwab Investment Management Inc. grew its stake in Getty Realty by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust’s stock valued at $24,727,000 after acquiring an additional 11,742 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Getty Realty by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 740,116 shares of the real estate investment trust’s stock valued at $19,731,000 after purchasing an additional 28,575 shares in the last quarter. Natixis Advisors LLC increased its stake in Getty Realty by 38.1% during the 3rd quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust’s stock worth $19,182,000 after purchasing an additional 166,345 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Getty Realty by 9.8% during the 2nd 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 purchasing an additional 53,906 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Getty Realty by 12.1% in the second quarter. Envestnet Asset Management Inc. now owns 258,154 shares of the real estate investment trust’s stock valued at $6,882,000 after buying an additional 27,902 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Getty Realty Stock Performance

Shares of GTY stock opened at $32.35 on Wednesday. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85. The company’s fifty day simple moving average is $31.91 and its 200-day simple moving average is $30.26. The firm has a market cap of $1.78 billion, a PE ratio of 27.65 and a beta of 0.92. 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 quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.28). The business had revenue of $51.47 million for the quarter, compared to the consensus estimate of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same period last year, the firm earned $0.57 earnings per share. Equities research analysts expect that Getty Realty Corp. will post 2.23 EPS for the current fiscal year.

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, December 26th. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 5.81%. Getty Realty’s dividend payout ratio is 153.85%.

Getty Realty Company Profile