Getty Realty Corp. (NYSE:GTY) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its stake in Getty Realty Corp. (NYSE:GTY) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 456,209 shares of the real estate investment trust’s stock after selling 31,141 shares during the quarter. Invesco Ltd. owned approximately 0.83% of Getty Realty worth $13,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Getty Realty by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust’s stock valued at $236,937,000 after purchasing an additional 48,491 shares during the last quarter. Geode Capital Management LLC boosted its position in Getty Realty by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust’s stock worth $39,095,000 after acquiring an additional 17,618 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in Getty Realty by 17.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust’s stock worth $20,525,000 after acquiring an additional 99,530 shares during the period. Bank of New York Mellon Corp raised its holdings in Getty Realty by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 586,780 shares of the real estate investment trust’s stock valued at $17,680,000 after acquiring an additional 41,826 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Getty Realty by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 369,419 shares of the real estate investment trust’s stock worth $11,131,000 after purchasing an additional 1,231 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. UBS Group started coverage on shares of Getty Realty in a report on Friday, March 28th. They issued a “neutral” rating and a $32.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.60.

Getty Realty Trading Down 1.6 %

NYSE GTY opened at $28.49 on Tuesday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 22.61 and a beta of 0.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The company’s 50 day moving average price is $30.11 and its 200 day moving average price is $30.90.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. On average, sell-side analysts predict that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a $0.47 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.60%. Getty Realty’s dividend payout ratio (DPR) is currently 149.21%.

About Getty Realty