Getty Realty Corp. (NYSE:GTY) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its stake in Getty Realty Corp. (NYSE:GTY) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,015 shares of the real estate investment trust’s stock after buying an additional 4,454 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.10% of Getty Realty worth $1,608,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Louisiana State Employees Retirement System purchased a new stake in Getty Realty in the fourth quarter valued at $701,000. Baystate Wealth Management LLC acquired a new stake in shares of Getty Realty during the fourth quarter worth about $29,000. Rocky Mountain Advisers LLC purchased a new stake in shares of Getty Realty in the 4th quarter valued at about $105,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Getty Realty by 2.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,378 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 571 shares during the period. Finally, New York State Teachers Retirement System grew its stake in Getty Realty by 0.8% during the 4th quarter. New York State Teachers Retirement System now owns 46,730 shares of the real estate investment trust’s stock worth $1,365,000 after buying an additional 367 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

Shares of GTY stock opened at $27.37 on Thursday. Getty Realty Corp. has a 52-week low of $25.90 and a 52-week high of $35.56. The stock’s 50-day moving average price is $26.90 and its 200 day moving average price is $27.82. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $1.48 billion, a PE ratio of 23.80 and a beta of 0.89.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. The company had revenue of $45.62 million during the quarter, compared to analyst estimates of $47.19 million. As a group, equities research analysts forecast that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.58%. The ex-dividend date of this dividend was Wednesday, March 27th. Getty Realty’s payout ratio is 156.52%.

Wall Street Analysts Forecast Growth

GTY has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and issued a $33.00 price objective on shares of Getty Realty in a research note on Monday, March 25th. StockNews.com raised shares of Getty Realty from a “sell” rating to a “hold” rating in a report on Monday.

Getty Realty Company Profile