Segall Bryant & Hamill LLC Takes Position in Getty Realty Corp. (NYSE:GTY)

Segall Bryant & Hamill LLC acquired a new position in shares of Getty Realty Corp. (NYSE:GTY) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 51,475 shares of the real estate investment trust’s stock, valued at approximately $1,637,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GTY. Point72 Asia Singapore Pte. Ltd. acquired a new position in Getty Realty in the 2nd quarter worth $29,000. Point72 Hong Kong Ltd bought a new stake in shares of Getty Realty in the second quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Getty Realty by 34.7% during the third 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 during the period. KBC Group NV grew its holdings in shares of Getty Realty by 45.8% during the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 683 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Getty Realty by 21.6% during the third 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. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Performance

Shares of NYSE GTY opened at $32.55 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a 50 day moving average price of $31.82 and a 200 day moving average price of $30.00. The stock has a market capitalization of $1.79 billion, a PE ratio of 27.82 and a beta of 0.91. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.23.

Getty Realty (NYSE:GTY) last released its quarterly earnings data 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 company had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same period in the previous year, the company posted $0.57 EPS. Analysts predict that Getty Realty Corp. will post 2.22 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend is Thursday, December 26th. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Bank of America raised Getty Realty from a “neutral” rating to a “buy” rating and upped their price target for the stock from $31.00 to $34.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. increased their target price on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th.

About Getty Realty