Illinois Municipal Retirement Fund Grows Position in Getty Realty Corp. (NYSE:GTY)

Illinois Municipal Retirement Fund raised its position in Getty Realty Corp. (NYSE:GTY) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,537 shares of the real estate investment trust’s stock after acquiring an additional 1,025 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Getty Realty were worth $800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Getty Realty by 4.6% in the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock valued at $126,411,000 after acquiring an additional 172,631 shares during the last quarter. Geode Capital Management LLC increased its stake in Getty Realty by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock valued at $40,713,000 after purchasing an additional 16,252 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Getty Realty by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust’s stock worth $24,727,000 after purchasing an additional 11,742 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of 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 buying an additional 166,345 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Getty Realty by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 586,780 shares of the real estate investment trust’s stock valued at $17,680,000 after buying an additional 41,826 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GTY. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a research note on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and issued a $34.00 target price on shares of Getty Realty in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Getty Realty has an average rating of “Moderate Buy” and an average target price of $34.00.

Getty Realty Stock Down 0.5 %

GTY stock opened at $31.24 on Tuesday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 24.79 and a beta of 0.93. The company has a fifty day moving average price of $30.54 and a 200 day moving average price of $31.37. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Sell-side analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.02%. Getty Realty’s payout ratio is 149.21%.

About Getty Realty