MetLife Investment Management LLC Buys 1,804 Shares of Getty Realty Corp. (NYSE:GTY)

MetLife Investment Management LLC boosted its stake in Getty Realty Corp. (NYSE:GTY) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,702 shares of the real estate investment trust’s stock after acquiring an additional 1,804 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Getty Realty worth $955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of Getty Realty by 409.6% in the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust’s stock valued at $3,281,000 after purchasing an additional 82,887 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Getty Realty in the 3rd quarter valued at approximately $140,000. JPMorgan Chase & Co. boosted its position in Getty Realty by 2.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 207,173 shares of the real estate investment trust’s stock worth $6,590,000 after acquiring an additional 4,243 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Getty Realty by 66.2% during the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 592 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Getty Realty in the fourth quarter valued at approximately $136,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GTY has been the subject of several recent research reports. Robert W. Baird reduced their target price on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. UBS Group began coverage on Getty Realty in a report on Friday, March 28th. They issued a “neutral” rating and a $32.00 price objective for the company. Finally, JMP Securities reissued a “market outperform” rating and set a $34.00 price target on shares of Getty Realty in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.33.

Getty Realty Stock Down 0.2 %

Shares of GTY stock opened at $28.09 on Friday. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 22.29 and a beta of 0.85. The firm’s 50-day moving average is $29.65 and its 200-day moving average is $30.72.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $52.33 million during the quarter, compared to analysts’ expectations of $52.71 million. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.69%. The ex-dividend date is Thursday, June 26th. Getty Realty’s payout ratio is presently 155.37%.

Getty Realty Company Profile