Legato Capital Management LLC decreased its position in Getty Realty Corp. (NYSE:GTY - Free Report) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,489 shares of the real estate investment trust's stock after selling 29,441 shares during the quarter. Legato Capital Management LLC owned 0.08% of Getty Realty worth $1,401,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in GTY. Fifth Third Bancorp grew its position in shares of 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. GAMMA Investing LLC grew its position in shares of Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after buying an additional 592 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Getty Realty by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust's stock worth $63,000 after buying an additional 513 shares in the last quarter. KBC Group NV grew its position in shares of Getty Realty by 45.8% during the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust's stock worth $69,000 after buying an additional 683 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of Getty Realty by 21.6% during the third quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust's stock worth $79,000 after buying an additional 441 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on GTY. 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. KeyCorp upgraded Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price objective on the stock in a research note on Tuesday, December 17th. Finally, Bank of America upgraded Getty Realty from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $31.00 to $34.00 in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.
View Our Latest Research Report on GTY
Getty Realty Stock Performance
Shares of NYSE GTY traded down $0.63 during midday trading on Friday, reaching $30.32. 283,284 shares of the company traded hands, compared to its average volume of 325,643. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85. The stock has a 50-day moving average price of $30.72 and a 200 day moving average price of $31.32. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 25.91 and a beta of 0.93.
Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.29. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. Sell-side analysts anticipate that Getty Realty Corp. will post 2.23 earnings per share for the current fiscal year.
Getty Realty Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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 6.20%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty's payout ratio is currently 160.68%.
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