Cwm LLC Lowers Holdings in Getty Realty Corp. (NYSE:GTY)

Cwm LLC lowered its holdings in Getty Realty Corp. (NYSE:GTY) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,927 shares of the real estate investment trust’s stock after selling 3,189 shares during the quarter. Cwm LLC’s holdings in Getty Realty were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Baystate Wealth Management LLC purchased a new position in shares of Getty Realty in the fourth quarter worth $29,000. Rocky Mountain Advisers LLC purchased a new position in shares of Getty Realty in the fourth quarter worth $105,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Getty Realty in the fourth quarter worth $204,000. Everence Capital Management Inc. purchased a new position in shares of Getty Realty in the fourth quarter worth $245,000. Finally, abrdn plc raised its stake in shares of Getty Realty by 8.4% in the third quarter. abrdn plc now owns 9,067 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 704 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

Shares of GTY opened at $26.92 on Friday. 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 one year low of $25.90 and a one year high of $35.56. The firm has a market capitalization of $1.45 billion, a P/E ratio of 23.01 and a beta of 0.89. The business has a fifty day moving average of $26.89 and a 200 day moving average of $27.81.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a return on equity of 6.87% and a net margin of 32.74%. The firm had revenue of $45.62 million during the quarter, compared to the consensus estimate of $47.19 million. As a group, sell-side analysts anticipate that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 27th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.69%. The ex-dividend date is Thursday, June 27th. Getty Realty’s dividend payout ratio is presently 153.85%.

Wall Street Analyst Weigh In

GTY has been the subject of several recent analyst reports. StockNews.com upgraded Getty Realty from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price objective on shares of Getty Realty in a report on Monday, March 25th.

Getty Realty Company Profile