Thrivent Financial for Lutherans Reduces Position in Getty Realty Corp. (NYSE:GTY)

Thrivent Financial for Lutherans trimmed its stake in Getty Realty Corp. (NYSE:GTY - Free Report) by 8.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,549 shares of the real estate investment trust's stock after selling 19,846 shares during the period. Thrivent Financial for Lutherans owned 0.37% of Getty Realty worth $6,443,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GTY. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Getty Realty in the second quarter worth about $29,000. Point72 Hong Kong Ltd bought a new position in shares of Getty Realty during the 2nd quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Getty Realty by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 513 shares during the period. KBC Group NV grew its stake in shares of Getty Realty by 45.8% during the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust's stock valued at $69,000 after acquiring an additional 683 shares during the period. Finally, Huntington National Bank grew its stake in shares of Getty Realty by 21.6% during the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust's stock valued at $79,000 after acquiring an additional 441 shares during the period. 85.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GTY. Bank of America raised shares of Getty Realty from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $31.00 to $34.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on shares of Getty Realty from $31.00 to $33.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th.

Getty Realty Stock Performance

Shares of NYSE GTY opened at $32.55 on Friday. 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 firm has a fifty day moving average price of $31.82 and a 200-day moving average price of $30.00. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.23. The stock has a market cap of $1.79 billion, a PE ratio of 27.82 and a beta of 0.91.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The firm had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Equities analysts anticipate that Getty Realty Corp. will post 2.22 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 5.78%. The ex-dividend date is Thursday, December 26th. This is a positive change from Getty Realty's previous quarterly dividend of $0.45. Getty Realty's payout ratio is presently 153.85%.

Getty Realty Profile