Getty Realty Corp. (NYSE:GTY) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 23.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,993 shares of the real estate investment trust's stock after selling 11,700 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Getty Realty worth $1,175,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Verition Fund Management LLC purchased a new stake in shares of Getty Realty during the third quarter worth $10,119,000. NFJ Investment Group LLC purchased a new stake in Getty Realty during the 3rd quarter worth about $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Getty Realty by 493.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 317,380 shares of the real estate investment trust's stock valued at $10,096,000 after purchasing an additional 263,938 shares in the last quarter. State Street Corp lifted its position in shares of Getty Realty by 4.6% during the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust's stock worth $126,411,000 after purchasing an additional 172,631 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of Getty Realty by 38.1% during the 3rd quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust's stock worth $19,182,000 after acquiring an additional 166,345 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

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Getty Realty Stock Performance

Shares of NYSE GTY traded up $0.39 during midday trading on Friday, reaching $31.44. 115,755 shares of the company were exchanged, compared to its average volume of 273,359. The stock has a market cap of $1.73 billion, a P/E ratio of 24.95 and a beta of 0.91. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The stock has a fifty day simple moving average of $30.57 and a 200 day simple moving average of $31.37. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94.

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, topping 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%. On average, research analysts forecast that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Thursday, March 27th. Getty Realty's dividend payout ratio (DPR) is 149.21%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GTY shares. KeyCorp upgraded shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price target on the stock in a research note on Tuesday, December 17th. JMP Securities reiterated a "market outperform" rating and set a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.00.

Getty Realty Profile