Charles Schwab Investment Management Inc. Sells 7,977 Shares of Getty Realty Corp. (NYSE:GTY)

Charles Schwab Investment Management Inc. lessened its stake in shares of Getty Realty Corp. (NYSE:GTY) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 769,353 shares of the real estate investment trust’s stock after selling 7,977 shares during the period. Charles Schwab Investment Management Inc. owned 1.40% of Getty Realty worth $23,181,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GTY. Verition Fund Management LLC bought a new stake in Getty Realty during the third quarter valued at about $10,119,000. NFJ Investment Group LLC bought a new stake in Getty Realty during the third quarter valued at about $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Getty Realty by 493.9% during 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 valued at $10,096,000 after purchasing an additional 263,938 shares during the period. State Street Corp grew its holdings in Getty Realty by 4.6% during 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 purchasing an additional 172,631 shares during the period. Finally, Natixis Advisors LLC lifted its position in shares of Getty Realty by 38.1% in the third quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust’s stock valued at $19,182,000 after acquiring an additional 166,345 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $30.76 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 24.41 and a beta of 0.91. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85. The stock’s 50-day simple moving average is $30.72 and its 200-day simple moving average is $31.34.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. As a group, analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given a $0.47 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.11%. Getty Realty’s dividend payout ratio is currently 149.21%.

Analyst Ratings Changes

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

Getty Realty Company Profile