Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 7,744 Shares of Getty Realty Corp. (NYSE:GTY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Getty Realty Corp. (NYSE:GTY) by 40.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,089 shares of the real estate investment trust’s stock after purchasing an additional 7,744 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Getty Realty were worth $816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GTY. Teacher Retirement System of Texas purchased a new stake in shares of Getty Realty in the fourth quarter valued at $1,112,000. Intech Investment Management LLC grew its holdings in Getty Realty by 155.6% during the 4th quarter. Intech Investment Management LLC now owns 49,497 shares of the real estate investment trust’s stock valued at $1,491,000 after purchasing an additional 30,134 shares during the last quarter. Swiss National Bank raised its position in Getty Realty by 1.1% in the 4th quarter. Swiss National Bank now owns 101,209 shares of the real estate investment trust’s stock worth $3,049,000 after purchasing an additional 1,100 shares during the period. HighTower Advisors LLC lifted its stake in Getty Realty by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust’s stock worth $1,904,000 after purchasing an additional 391 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of Getty Realty during the fourth quarter valued at approximately $2,364,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

GTY has been the subject of a number of research analyst reports. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target for the company in a research note on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Getty Realty Stock Up 1.0 %

Shares of NYSE:GTY opened at $30.79 on Thursday. The business’s 50 day moving average is $30.82 and its 200 day moving average is $31.29. The stock has a market cap of $1.69 billion, a P/E ratio of 24.44 and a beta of 0.91. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94.

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

Getty Realty Announces Dividend

The firm also recently announced 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. This represents a $1.88 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Thursday, March 27th. Getty Realty’s dividend payout ratio (DPR) is 149.21%.

About Getty Realty