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Bank of Montreal Can Has $3 Million Holdings in Getty Realty Corp. (NYSE:GTY)

Bank of Montreal Can raised its position in shares of Getty Realty Corp. (NYSE:GTY) by 6,384.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,642 shares of the real estate investment trust’s stock after purchasing an additional 92,198 shares during the period. Bank of Montreal Can owned about 0.23% of Getty Realty worth $2,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in Getty Realty by 97.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,828 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 1,890 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Getty Realty by 18.0% in the fourth 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 last quarter. BNP Paribas Arbitrage SA grew its position in Getty Realty by 206.4% in the first quarter. BNP Paribas Arbitrage SA now owns 7,397 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 4,983 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Getty Realty in the fourth quarter worth approximately $285,000. Finally, Bailard Inc. purchased a new position in Getty Realty in the first quarter worth approximately $314,000. 63.81% of the stock is owned by institutional investors and hedge funds.

NYSE GTY opened at $32.03 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.70 and a current ratio of 1.70. Getty Realty Corp. has a 52-week low of $25.02 and a 52-week high of $35.03. The stock has a market cap of $1.31 billion, a P/E ratio of 18.73, a P/E/G ratio of 6.43 and a beta of 0.59.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Tuesday, February 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.16). Getty Realty had a return on equity of 8.56% and a net margin of 35.21%. The company had revenue of $29.45 million for the quarter, compared to analysts’ expectations of $30.05 million. Analysts predict that Getty Realty Corp. will post 1.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 20th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Wednesday, June 19th. Getty Realty’s dividend payout ratio (DPR) is 81.87%.

Separately, Zacks Investment Research lowered Getty Realty from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Getty Realty currently has an average rating of “Buy” and a consensus price target of $30.75.