Ingalls & Snyder LLC Has $5.60 Million Stake in Getty Realty Corp. (NYSE:GTY)

Ingalls & Snyder LLC cut its position in Getty Realty Corp. (NYSE:GTY - Free Report) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 185,903 shares of the real estate investment trust's stock after selling 10,031 shares during the period. Ingalls & Snyder LLC owned approximately 0.34% of Getty Realty worth $5,601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GTY. Fifth Third Bancorp boosted its position 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 purchasing an additional 1,210 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 purchasing an additional 592 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 purchasing an additional 513 shares in the last quarter. KBC Group NV boosted its position in 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 purchasing an additional 683 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of Getty Realty by 21.6% in the third 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 in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Price Performance

Shares of NYSE GTY traded down $0.63 during mid-day 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 fifty-two week low of $25.70 and a fifty-two week high of $33.85. 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 market cap of $1.67 billion, a PE ratio of 25.91 and a beta of 0.93. The stock has a fifty day simple moving average of $30.72 and a 200-day simple moving average of $31.32.

Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. Equities research analysts anticipate that Getty Realty Corp. will post 2.23 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given 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 dividend payout ratio is 160.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JMP Securities reiterated a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a research 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 for the company in a research note on Tuesday, December 17th. Finally, Bank of America raised Getty Realty from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $31.00 to $34.00 in a report 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $34.00.

Getty Realty Company Profile