Getty Realty Corp. (NYSE:GTY) Position Trimmed by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in Getty Realty Corp. (NYSE:GTY) by 1.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 188,339 shares of the real estate investment trust’s stock after selling 2,170 shares during the quarter. Rhumbline Advisers owned approximately 0.35% of Getty Realty worth $5,021,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Clear Creek Financial Management LLC grew its stake in Getty Realty by 5.0% during the 2nd quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 375 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Getty Realty by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock worth $659,000 after acquiring an additional 400 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Getty Realty by 0.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 55,470 shares of the real estate investment trust’s stock valued at $1,517,000 after purchasing an additional 455 shares during the last quarter. State of Alaska Department of Revenue grew its position in Getty Realty by 1.0% in the 1st quarter. State of Alaska Department of Revenue now owns 52,485 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 533 shares during the last quarter. Finally, Congress Asset Management Co. MA increased its stake in shares of Getty Realty by 0.4% in the fourth quarter. Congress Asset Management Co. MA now owns 148,137 shares of the real estate investment trust’s stock valued at $4,329,000 after purchasing an additional 534 shares during the period. Institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities increased their price objective on Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th.

Getty Realty Trading Up 1.7 %

Shares of NYSE:GTY opened at $32.37 on Monday. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $32.38. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.88. The firm has a market cap of $1.75 billion, a P/E ratio of 27.67 and a beta of 0.92. The company has a 50 day moving average of $30.64 and a 200-day moving average of $28.34.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. The firm had revenue of $49.94 million for the quarter, compared to analyst estimates of $48.51 million. During the same quarter last year, the business posted $0.56 earnings per share. As a group, analysts anticipate that Getty Realty Corp. will post 2.2 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, September 26th. Getty Realty’s dividend payout ratio is presently 153.85%.

About Getty Realty