Daiwa Securities Group Inc. Lowers Stock Position in Getty Realty Corp. (NYSE:GTY)

Daiwa Securities Group Inc. trimmed its stake in shares of Getty Realty Corp. (NYSE:GTY) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,355 shares of the real estate investment trust’s stock after selling 610 shares during the period. Daiwa Securities Group Inc.’s holdings in Getty Realty were worth $409,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GTY. Victory Capital Management Inc. lifted its stake in shares of Getty Realty by 37.9% in the 4th quarter. Victory Capital Management Inc. now owns 11,797 shares of the real estate investment trust’s stock valued at $345,000 after purchasing an additional 3,241 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Getty Realty by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 729,032 shares of the real estate investment trust’s stock worth $21,302,000 after purchasing an additional 54,040 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Getty Realty by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 691,157 shares of the real estate investment trust’s stock valued at $20,196,000 after purchasing an additional 43,073 shares during the period. Principal Financial Group Inc. boosted its position in shares of Getty Realty by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 273,056 shares of the real estate investment trust’s stock valued at $7,979,000 after purchasing an additional 9,332 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Getty Realty by 7.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 28,327 shares of the real estate investment trust’s stock worth $817,000 after acquiring an additional 1,993 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 research report on Thursday, July 25th.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $32.57 on Tuesday. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $32.68. The stock has a market capitalization of $1.76 billion, a P/E ratio of 27.84 and a beta of 0.92. 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 business’s fifty day moving average price is $30.75 and its 200 day moving average price is $28.39.

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

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Thursday, September 26th. Getty Realty’s dividend payout ratio is currently 153.85%.

Getty Realty Company Profile