Prudential Financial Inc. lowered its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 51.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,345 shares of the real estate investment trust's stock after selling 67,128 shares during the quarter. Prudential Financial Inc. owned approximately 0.12% of Getty Realty worth $1,997,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in shares of 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 during the last quarter. 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 worth $41,000 after buying an additional 1,216 shares during the period. GAMMA Investing LLC boosted its stake in Getty Realty by 66.2% in the 4th 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 last quarter. Jones Financial Companies Lllp grew its holdings in Getty Realty by 246.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 1,799 shares during the period. Finally, KBC Group NV increased its stake in shares of Getty Realty by 42.4% during the 4th quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust's stock valued at $93,000 after acquiring an additional 922 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. KeyCorp raised shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 target price on the stock in a research report on Tuesday, December 17th. JMP Securities reiterated a "market outperform" rating and issued a $34.00 price target on shares of Getty Realty in a report on Friday, January 10th. Finally, UBS Group initiated coverage on Getty Realty in a report on Friday, March 28th. They set a "neutral" rating and a $32.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $33.60.
View Our Latest Stock Report on Getty Realty
Getty Realty Trading Up 2.2 %
GTY traded up $0.62 during trading on Wednesday, hitting $28.15. 880,042 shares of the company's stock were exchanged, compared to its average volume of 307,368. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The stock has a 50 day moving average price of $30.49 and a 200 day moving average price of $31.08. The firm has a market cap of $1.55 billion, a P/E ratio of 22.34 and a beta of 0.85. 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 announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. As a group, analysts expect 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, April 10th. Investors of record on Thursday, March 27th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 annualized dividend and a dividend yield of 6.68%. Getty Realty's payout ratio is currently 149.21%.
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