Natixis Advisors LLC reduced its holdings in Getty Realty Corp. (NYSE:GTY - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 554,247 shares of the real estate investment trust's stock after selling 48,776 shares during the quarter. Natixis Advisors LLC owned approximately 1.01% of Getty Realty worth $16,699,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of GTY. State Street Corp grew its holdings in shares of Getty Realty by 4.6% during the third quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust's stock valued at $126,411,000 after purchasing an additional 172,631 shares during the last quarter. Geode Capital Management LLC grew its stake in Getty Realty by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust's stock worth $40,713,000 after buying an additional 16,252 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Getty Realty by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust's stock worth $24,727,000 after buying an additional 11,742 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in Getty Realty by 17.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust's stock worth $20,525,000 after buying an additional 99,530 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Getty Realty by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 586,780 shares of the real estate investment trust's stock valued at $17,680,000 after buying an additional 41,826 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently weighed in on GTY shares. JMP Securities reaffirmed a "market outperform" rating and issued a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. KeyCorp upgraded shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 target price for the company in a research report on Tuesday, December 17th. Two research 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 a consensus price target of $34.00.
Get Our Latest Analysis on GTY
Getty Realty Stock Performance
Shares of GTY traded down $0.07 during trading hours on Friday, reaching $30.48. 761,165 shares of the company's stock traded hands, compared to its average volume of 275,991. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85. The business's fifty day simple moving average is $30.79 and its two-hundred day simple moving average is $31.32. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 24.19 and a beta of 0.91.
Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Analysts predict that Getty Realty Corp. will post 2.29 earnings per share for the current year.
Getty Realty Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.17%. Getty Realty's dividend payout ratio (DPR) is 149.21%.
Getty Realty Company Profile
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