Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Getty Realty Corp. (NYSE:GTY – Free Report) by 42.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,179 shares of the real estate investment trust’s stock after purchasing an additional 7,462 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Getty Realty were worth $907,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in GTY. Raymond James Financial Services Advisors Inc. lifted its position in Getty Realty by 1.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 17,093 shares of the real estate investment trust’s stock worth $579,000 after acquiring an additional 283 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Getty Realty by 2.7% in the first quarter. Arizona State Retirement System now owns 11,510 shares of the real estate investment trust’s stock valued at $415,000 after purchasing an additional 302 shares during the period. LPL Financial LLC grew its position in Getty Realty by 4.1% in the 4th quarter. LPL Financial LLC now owns 8,267 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 328 shares in the last quarter. Chilton Capital Management LLC increased its position in shares of Getty Realty by 3.1% during the 4th quarter. Chilton Capital Management LLC now owns 14,337 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 430 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in Getty Realty by 4.0% during the second quarter. BNP Paribas Arbitrage SA now owns 13,284 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Getty Realty in a research note on Thursday. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.33.

Getty Realty Price Performance

Shares of GTY stock opened at $30.12 on Friday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 12.16 and a beta of 0.86. Getty Realty Corp. has a 12-month low of $25.49 and a 12-month high of $36.49. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $33.03 and a 200-day moving average of $33.98.

Getty Realty (NYSE:GTY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.30). The company had revenue of $43.66 million for the quarter, compared to analyst estimates of $43.09 million. Getty Realty had a net margin of 39.48% and a return on equity of 8.51%. On average, equities research analysts forecast that Getty Realty Corp. will post 2.26 earnings per share for the current year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 28th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.71%. The ex-dividend date is Wednesday, September 27th. Getty Realty’s payout ratio is presently 124.64%.

Getty Realty Profile

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