Getty Realty Corp. (NYSE:GTY) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,498 shares of the real estate investment trust’s stock after selling 574 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Getty Realty were worth $239,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in GTY. Vanguard Group Inc. raised its stake in Getty Realty by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 7,768,393 shares of the real estate investment trust’s stock valued at $212,466,000 after acquiring an additional 252,254 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Getty Realty during the third quarter worth $495,000. Cubist Systematic Strategies LLC purchased a new position in shares of Getty Realty in the 2nd quarter worth $958,000. Natixis Advisors LLC raised its position in shares of Getty Realty by 38.1% in the 3rd quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust’s stock worth $19,182,000 after buying an additional 166,345 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Getty Realty by 12.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 258,154 shares of the real estate investment trust’s stock worth $6,882,000 after buying an additional 27,902 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $33.31 on Friday. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.47. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 28.47 and a beta of 0.91. The stock’s 50 day moving average price is $31.87 and its 200 day moving average price is $30.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The firm had revenue of $51.47 million for the quarter, compared to analyst estimates of $49.79 million. During the same period last year, the firm earned $0.57 earnings per share. Equities research analysts anticipate that Getty Realty Corp. will post 2.22 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a $0.47 dividend. The ex-dividend date is Thursday, December 26th. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.64%. Getty Realty’s dividend payout ratio is 160.68%.

Analyst Ratings Changes

GTY has been the topic of several research reports. Bank of America raised Getty Realty from a “neutral” rating to a “buy” rating and raised their price objective for the company from $31.00 to $34.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th.

About Getty Realty