Victory Capital Management Inc. Has $345,000 Holdings in Getty Realty Corp. (NYSE:GTY)

Victory Capital Management Inc. increased its holdings in Getty Realty Corp. (NYSE:GTY) by 37.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,797 shares of the real estate investment trust’s stock after acquiring an additional 3,241 shares during the period. Victory Capital Management Inc.’s holdings in Getty Realty were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. New York State Teachers Retirement System raised its holdings in shares of Getty Realty by 0.8% in 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 acquiring an additional 367 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in 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 worth $625,000 after purchasing an additional 571 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in Getty Realty by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 25,673 shares of the real estate investment trust’s stock worth $750,000 after purchasing an additional 584 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Getty Realty by 6.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,491 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 613 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Getty Realty by 4.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,993 shares of the real estate investment trust’s stock worth $526,000 after purchasing an additional 694 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price objective on shares of Getty Realty in a research report on Monday, March 25th. StockNews.com raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

Getty Realty Price Performance

Getty Realty stock opened at $27.32 on Friday. Getty Realty Corp. has a twelve month low of $25.90 and a twelve month high of $35.56. The firm has a 50 day moving average price of $27.28 and a 200-day moving average price of $27.91. The company has a market capitalization of $1.47 billion, a P/E ratio of 23.35 and a beta of 0.88. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.84.

Getty Realty (NYSE:GTY) last released its earnings results on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. The company had revenue of $48.97 million for the quarter, compared to the consensus estimate of $46.63 million. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, equities analysts predict that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend is Thursday, June 27th. Getty Realty’s dividend payout ratio is currently 153.85%.

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