Boston Partners reduced its holdings in Getty Realty Corp. (NYSE:GTY - Free Report) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,914 shares of the real estate investment trust's stock after selling 17,281 shares during the period. Boston Partners owned about 0.13% of Getty Realty worth $2,076,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GTY. Fifth Third Bancorp boosted its holdings in Getty Realty by 923.7% during the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after buying an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 1,216 shares during the last quarter. GAMMA Investing LLC lifted its stake in Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 592 shares in the last quarter. KBC Group NV increased its stake in shares of Getty Realty by 45.8% in the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust's stock worth $69,000 after acquiring an additional 683 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Getty Realty by 246.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 1,799 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.
Getty Realty Stock Up 1.0 %
NYSE:GTY traded up $0.30 during midday trading on Wednesday, reaching $30.79. The company had a trading volume of 288,478 shares, compared to its average volume of 339,188. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 24.44 and a beta of 0.91. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The stock's fifty day simple moving average is $30.81 and its 200-day simple moving average is $31.29.
Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. On average, sell-side analysts anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.
Getty Realty Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Thursday, March 27th. Getty Realty's dividend payout ratio (DPR) is 149.21%.
Analysts Set New Price Targets
GTY has been the topic of several recent analyst reports. JMP Securities restated a "market outperform" rating and issued a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. KeyCorp raised Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price objective for the company in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Getty Realty has an average rating of "Moderate Buy" and an average target price of $34.00.
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