Getty Realty Corp. (NYSE:GTY) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,729,972 shares of the real estate investment trust's stock after selling 67,550 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 6.78% of Getty Realty worth $112,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in shares of Getty Realty by 923.7% during the 4th 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 during the period. Smartleaf Asset Management LLC lifted its position in Getty Realty by 715.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 1,216 shares in the last quarter. GAMMA Investing LLC grew its stake 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 buying an additional 592 shares during the period. Loomis Sayles & Co. L P purchased a new stake in Getty Realty during the fourth quarter worth approximately $45,000. Finally, Sterling Capital Management LLC increased its position in shares of Getty Realty by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,413 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GTY has been the subject of a number of research reports. UBS Group began coverage on shares of Getty Realty in a research report on Friday, March 28th. They set a "neutral" rating and a $32.00 price target for the company. Robert W. Baird lowered their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, JMP Securities reiterated a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. Three 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 has a consensus rating of "Moderate Buy" and an average price target of $33.33.

Getty Realty Stock Down 1.0 %

GTY traded down $0.29 on Friday, reaching $27.29. The company's stock had a trading volume of 168,096 shares, compared to its average volume of 315,983. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The business's 50 day moving average is $29.97 and its 200 day moving average is $30.85. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 21.64 and a beta of 0.85.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, hitting analysts' consensus estimates of $0.59. The business had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.71 million. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. As a group, research analysts forecast that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.89%. Getty Realty's dividend payout ratio (DPR) is presently 149.21%.

About Getty Realty