First National Bank of Omaha acquired a new stake in Getty Realty Corp. (NYSE:GTY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,070 shares of the real estate investment trust’s stock, valued at approximately $740,000. First National Bank of Omaha owned 0.06% of Getty Realty as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Getty Realty by 285.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,163 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 861 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Getty Realty in the third quarter valued at $62,000. Eii Capital Management Inc. acquired a new stake in shares of Getty Realty in the second quarter valued at $141,000. Russell Investments Group Ltd. acquired a new stake in shares of Getty Realty in the second quarter valued at $163,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Getty Realty by 41.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,431 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,603 shares during the period. Institutional investors and hedge funds own 64.57% of the company’s stock.
Several analysts have recently weighed in on GTY shares. ValuEngine lowered Getty Realty from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, JMP Securities reaffirmed a “hold” rating on shares of Getty Realty in a research report on Tuesday, September 17th.
Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.17). The company had revenue of $35.69 million for the quarter, compared to analyst estimates of $32.01 million. Getty Realty had a return on equity of 8.49% and a net margin of 35.19%. Analysts expect that Getty Realty Corp. will post 1.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 24th. This is a positive change from Getty Realty’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.49%. Getty Realty’s payout ratio is 81.87%.
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