Getty Realty Corp. (NYSE:GTY) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of Getty Realty Corp. (NYSE:GTY) by 2.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,461 shares of the real estate investment trust’s stock after selling 647 shares during the period. Nisa Investment Advisors LLC’s holdings in Getty Realty were worth $656,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Rocky Mountain Advisers LLC acquired a new position in Getty Realty during the 4th quarter valued at about $105,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Getty Realty by 2.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,378 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 571 shares during the period. New York State Teachers Retirement System increased its stake in Getty Realty by 0.8% during the 4th quarter. New York State Teachers Retirement System now owns 46,730 shares of the real estate investment trust’s stock valued at $1,365,000 after buying an additional 367 shares during the period. Asset Management One Co. Ltd. increased its stake in Getty Realty by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 145,589 shares of the real estate investment trust’s stock valued at $4,307,000 after buying an additional 21,005 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Getty Realty by 4.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,952 shares of the real estate investment trust’s stock valued at $1,517,000 after buying an additional 2,125 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

GTY has been the topic of several recent research reports. StockNews.com cut shares of Getty Realty from a “hold” rating to a “sell” rating in a research note on Saturday. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price objective on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Stock Performance

Shares of GTY opened at $26.11 on Wednesday. The firm’s 50 day moving average is $26.94 and its 200-day moving average is $27.85. The stock has a market capitalization of $1.41 billion, a P/E ratio of 22.70 and a beta of 0.89. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.73 and a quick ratio of 3.73. Getty Realty Corp. has a 12-month low of $25.90 and a 12-month high of $35.56.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). The business had revenue of $45.62 million during the quarter, compared to analyst estimates of $47.19 million. Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. Equities research analysts anticipate that Getty Realty Corp. will post 2.31 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.89%. The ex-dividend date was Wednesday, March 27th. Getty Realty’s dividend payout ratio (DPR) is currently 156.52%.

Getty Realty Profile