Getty Realty Corp. (NYSE:GTY) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in Getty Realty Corp. (NYSE:GTYFree Report) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,670 shares of the real estate investment trust’s stock after selling 7,652 shares during the period. BNP Paribas Financial Markets’ holdings in Getty Realty were worth $516,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in Getty Realty by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 729,032 shares of the real estate investment trust’s stock valued at $21,302,000 after acquiring an additional 54,040 shares during the last quarter. Natixis Advisors L.P. lifted its stake in Getty Realty by 42.5% during the fourth quarter. Natixis Advisors L.P. now owns 507,337 shares of the real estate investment trust’s stock worth $14,824,000 after purchasing an additional 151,256 shares in the last quarter. Invesco Ltd. lifted its stake in Getty Realty by 11.4% during the third quarter. Invesco Ltd. now owns 460,215 shares of the real estate investment trust’s stock worth $12,762,000 after purchasing an additional 47,192 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Getty Realty by 48.8% during the third quarter. Envestnet Asset Management Inc. now owns 240,443 shares of the real estate investment trust’s stock worth $6,667,000 after purchasing an additional 78,903 shares in the last quarter. Finally, Boston Partners lifted its stake in Getty Realty by 120.7% during the third quarter. Boston Partners now owns 175,092 shares of the real estate investment trust’s stock worth $4,855,000 after purchasing an additional 95,760 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GTY has been the topic of a number of research 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 set a $33.00 price objective on shares of Getty Realty in a research report on Monday, March 25th.

Read Our Latest Analysis on GTY

Getty Realty Stock Up 1.3 %

Getty Realty stock opened at $27.61 on Monday. Getty Realty Corp. has a twelve month low of $25.90 and a twelve month high of $35.56. The stock’s fifty day simple moving average is $27.30 and its 200-day simple moving average is $27.88. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.49 billion, a P/E ratio of 23.60 and a beta of 0.88.

Getty Realty (NYSE:GTYGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The company had revenue of $48.97 million for the quarter, compared to analysts’ expectations of $46.63 million. Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. During the same period in the prior year, the company posted $0.56 EPS. As a group, equities analysts expect that Getty Realty Corp. will post 2.31 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 27th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.52%. The ex-dividend date is Thursday, June 27th. Getty Realty’s dividend payout ratio (DPR) is presently 153.85%.

Getty Realty Company Profile

(Free Report)

Further Reading

Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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