Rhumbline Advisers Cuts Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Rhumbline Advisers lessened its position in Getty Realty Corp. (NYSE:GTY) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,323 shares of the real estate investment trust’s stock after selling 1,780 shares during the quarter. Rhumbline Advisers owned about 0.33% of Getty Realty worth $5,403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in 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 valued at $126,411,000 after acquiring an additional 172,631 shares during the last quarter. Geode Capital Management LLC raised its holdings in Getty Realty by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock valued at $40,713,000 after acquiring an additional 16,252 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Getty Realty by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust’s stock valued at $24,727,000 after buying an additional 11,742 shares during the last quarter. Natixis Advisors LLC lifted its stake in Getty Realty by 38.1% during the third quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust’s stock worth $19,182,000 after purchasing an additional 166,345 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Getty Realty in the third quarter valued at approximately $10,119,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GTY. JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target for the company in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.00.

Getty Realty Trading Up 0.2 %

NYSE:GTY opened at $31.22 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85. The firm has a market capitalization of $1.72 billion, a PE ratio of 24.78 and a beta of 0.93. The business’s 50-day moving average is $30.48 and its two-hundred day moving average is $31.34.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict 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. The ex-dividend date is Thursday, March 27th. This represents a $1.88 annualized dividend and a dividend yield of 6.02%. Getty Realty’s dividend payout ratio is presently 149.21%.

Getty Realty Company Profile