Exchange Traded Concepts LLC Has $3.29 Million Holdings in Getty Realty Corp. (NYSE:GTY)

Exchange Traded Concepts LLC lessened its stake in Getty Realty Corp. (NYSE:GTY - Free Report) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,262 shares of the real estate investment trust's stock after selling 11,220 shares during the quarter. Exchange Traded Concepts LLC owned 0.20% of Getty Realty worth $3,292,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in Getty Realty by 8.3% in the 2nd quarter. American Century Companies Inc. now owns 15,504 shares of the real estate investment trust's stock worth $413,000 after purchasing an additional 1,182 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Getty Realty by 12.1% during the second quarter. Envestnet Asset Management Inc. now owns 258,154 shares of the real estate investment trust's stock worth $6,882,000 after buying an additional 27,902 shares during the period. Dimensional Fund Advisors LP raised its position in Getty Realty by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 740,116 shares of the real estate investment trust's stock valued at $19,731,000 after buying an additional 28,575 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Getty Realty by 23.3% in the 2nd quarter. Hsbc Holdings PLC now owns 49,185 shares of the real estate investment trust's stock valued at $1,309,000 after acquiring an additional 9,290 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in Getty Realty by 8.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 108,042 shares of the real estate investment trust's stock valued at $2,880,000 after acquiring an additional 8,522 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

Analysts Set New Price Targets

GTY has been the topic of a number of research reports. Bank of America raised shares of Getty Realty from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $31.00 to $34.00 in a research report on Monday, October 21st. JMP Securities reissued a "market outperform" rating and set a $34.00 price target on shares of Getty Realty in a research report on Friday, January 10th. Finally, KeyCorp upgraded Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price objective for the company in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $34.00.

Getty Realty Stock Performance

Shares of GTY traded up $0.25 during midday trading on Friday, reaching $30.59. The stock had a trading volume of 300,544 shares, compared to its average volume of 270,883. The firm has a market cap of $1.68 billion, a PE ratio of 26.14 and a beta of 0.93. The firm has a 50 day simple moving average of $31.23 and a 200-day simple moving average of $31.27. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.28). Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. The business had revenue of $51.47 million for the quarter, compared to analyst estimates of $49.79 million. During the same period last year, the firm earned $0.57 EPS. As a group, sell-side analysts anticipate that Getty Realty Corp. will post 2.23 EPS for the current year.

Getty Realty Company Profile