Nomura Asset Management Co. Ltd. Boosts Holdings in Getty Realty Corp. (GTY)

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Nomura Asset Management Co. Ltd. raised its stake in Getty Realty Corp. (NYSE:GTY) by 5.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,050 shares of the real estate investment trust’s stock after acquiring an additional 1,140 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Getty Realty were worth $619,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Getty Realty by 18.0% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,067 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 926 shares during the period. PNC Financial Services Group Inc. raised its stake in Getty Realty by 60.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,036 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 3,014 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Getty Realty during the 3rd quarter valued at $229,000. Laurion Capital Management LP acquired a new stake in Getty Realty during the 3rd quarter valued at $266,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Getty Realty during the 4th quarter valued at $376,000. 64.68% of the stock is currently owned by institutional investors.

Shares of NYSE:GTY opened at $32.01 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.95 and a current ratio of 1.95. Getty Realty Corp. has a 12-month low of $23.75 and a 12-month high of $35.03. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 5.77 and a beta of 0.61.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Wednesday, March 20th. Getty Realty’s dividend payout ratio (DPR) is currently 81.87%.

Several brokerages have issued reports on GTY. Zacks Investment Research downgraded shares of Getty Realty from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. ValuEngine raised shares of Getty Realty from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $30.75.

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Getty Realty Company Profile

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Want to see what other hedge funds are holding GTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Getty Realty Corp. (NYSE:GTY).

Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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