Y Intercept Hong Kong Ltd Has $511,000 Stock Position in Getty Realty Corp. (NYSE:GTY)

Y Intercept Hong Kong Ltd lowered its stake in Getty Realty Corp. (NYSE:GTY - Free Report) by 44.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,958 shares of the real estate investment trust's stock after selling 13,301 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Getty Realty were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Navellier & Associates Inc. increased its position in shares of Getty Realty by 39.0% in the fourth quarter. Navellier & Associates Inc. now owns 13,759 shares of the real estate investment trust's stock worth $415,000 after acquiring an additional 3,863 shares in the last quarter. Truist Financial Corp acquired a new position in Getty Realty in the 4th quarter worth approximately $228,000. Principal Financial Group Inc. grew its position in Getty Realty by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 245,436 shares of the real estate investment trust's stock worth $7,395,000 after purchasing an additional 10,455 shares in the last quarter. Congress Asset Management Co. raised its stake in Getty Realty by 61.5% during the 4th quarter. Congress Asset Management Co. now owns 226,096 shares of the real estate investment trust's stock valued at $6,812,000 after purchasing an additional 86,110 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Getty Realty by 12.6% in the fourth quarter. Van ECK Associates Corp now owns 9,574 shares of the real estate investment trust's stock valued at $288,000 after purchasing an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

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Getty Realty Stock Up 0.4 %

NYSE GTY traded up $0.14 on Wednesday, reaching $31.18. The stock had a trading volume of 256,786 shares, compared to its average volume of 273,791. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The business has a 50 day moving average price of $30.55 and a 200 day moving average price of $31.37. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 24.74 and a beta of 0.91.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. On average, analysts forecast that Getty Realty Corp. will post 2.29 EPS 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. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.03%. Getty Realty's dividend payout ratio is currently 149.21%.

Wall Street Analysts Forecast Growth

GTY has been the topic of a number of research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $34.00 price target 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 target price on the stock in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

About Getty Realty