Bridge City Capital LLC Buys 756 Shares of Getty Realty Corp. (NYSE:GTY)

Bridge City Capital LLC increased its holdings in Getty Realty Corp. (NYSE:GTY) by 0.9% in the fourth quarter, Holdings Channel reports. The fund owned 85,047 shares of the real estate investment trust’s stock after purchasing an additional 756 shares during the quarter. Bridge City Capital LLC’s holdings in Getty Realty were worth $2,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GTY. LPL Financial LLC boosted its stake in Getty Realty by 20.8% in the fourth quarter. LPL Financial LLC now owns 68,003 shares of the real estate investment trust’s stock valued at $2,049,000 after acquiring an additional 11,691 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Getty Realty in the fourth quarter worth about $919,000. American Century Companies Inc. raised its position in shares of Getty Realty by 3.4% in the fourth quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust’s stock worth $489,000 after acquiring an additional 533 shares during the period. Quantbot Technologies LP boosted its position in Getty Realty by 232.5% during the fourth quarter. Quantbot Technologies LP now owns 32,755 shares of the real estate investment trust’s stock worth $987,000 after purchasing an additional 22,904 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Getty Realty by 40.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,089 shares of the real estate investment trust’s stock worth $816,000 after purchasing an additional 7,744 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on GTY shares. 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 report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and issued a $34.00 price target on shares of Getty Realty in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Getty Realty presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Getty Realty Stock Down 0.2 %

Shares of NYSE:GTY opened at $30.48 on Friday. 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 capitalization of $1.68 billion, a P/E ratio of 24.19 and a beta of 0.91. The stock has a 50-day simple moving average of $30.79 and a 200-day simple moving average of $31.31. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85.

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

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a $0.47 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.88 annualized dividend and a dividend yield of 6.17%. Getty Realty’s payout ratio is currently 149.21%.

About Getty Realty