Getty Realty Corp. (NYSE:GTY) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,135 shares of the real estate investment trust’s stock after selling 3,834 shares during the quarter. Texas Permanent School Fund Corp owned about 0.07% of Getty Realty worth $1,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in Getty Realty by 67.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,836 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,144 shares in the last quarter. Rothschild Investment LLC purchased a new position in Getty Realty during the second quarter worth approximately $81,000. SYSTM Wealth Solutions LLC lifted its position in Getty Realty by 33.8% during the first quarter. SYSTM Wealth Solutions LLC now owns 3,195 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 807 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Getty Realty by 23.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,121 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 1,362 shares during the last quarter. Finally, Chilton Capital Management LLC grew its holdings in Getty Realty by 10.4% in the 1st quarter. Chilton Capital Management LLC now owns 7,212 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 680 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Trading Down 0.8 %

GTY opened at $32.01 on Friday. The stock has a market capitalization of $1.73 billion, a PE ratio of 27.36 and a beta of 0.92. Getty Realty Corp. has a one year low of $25.70 and a one year high of $32.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.22 and a current ratio of 3.22. The business’s 50 day moving average price is $31.11 and its 200 day moving average price is $28.52.

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

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Thursday, September 26th. Getty Realty’s dividend payout ratio is presently 153.85%.

Analyst Ratings Changes

Several research firms have recently commented on GTY. JMP Securities lifted their price target on Getty Realty from $31.50 to $33.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday.

About Getty Realty