Thrivent Financial for Lutherans cut its position in Getty Realty Corp. (NYSE:GTY - Free Report) by 50.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 99,964 shares of the real estate investment trust's stock after selling 102,585 shares during the period. Thrivent Financial for Lutherans owned approximately 0.18% of Getty Realty worth $3,012,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Verition Fund Management LLC purchased a new position in Getty Realty in the 3rd quarter worth approximately $10,119,000. NFJ Investment Group LLC bought a new stake in shares of Getty Realty in the 3rd quarter worth $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Getty Realty by 493.9% in the third 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 worth $10,096,000 after purchasing an additional 263,938 shares during the last quarter. State Street Corp raised its stake in shares of Getty Realty by 4.6% in the third 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, Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Getty Realty by 17.1% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust's stock valued at $20,525,000 after purchasing an additional 99,530 shares in the last quarter. Institutional investors own 85.11% of the company's stock.
Getty Realty Stock Performance
Shares of NYSE:GTY traded up $0.07 during trading on Friday, hitting $30.64. The company's stock had a trading volume of 448,559 shares, compared to its average volume of 296,434. 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 cap of $1.69 billion, a price-to-earnings ratio of 24.32 and a beta of 0.91. The company has a 50-day moving average of $30.80 and a 200-day moving average of $31.27. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85.
Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share 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, sell-side analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current year.
Getty Realty Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.13%. The ex-dividend date is Thursday, March 27th. Getty Realty's dividend payout ratio is presently 149.21%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on GTY. UBS Group assumed coverage on Getty Realty in a research report on Friday. They issued a "neutral" rating and a $32.00 target price for the company. KeyCorp raised shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price objective for the company in a report on Tuesday, December 17th. Finally, JMP Securities restated a "market outperform" rating and set a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Getty Realty has an average rating of "Moderate Buy" and a consensus price target of $33.60.
Check Out Our Latest Stock Report on GTY
Getty Realty Company Profile
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