Ameriprise Financial Inc. Sells 5,282 Shares of Getty Realty Corp. (NYSE:GTY)

Ameriprise Financial Inc. decreased its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,560 shares of the real estate investment trust’s stock after selling 5,282 shares during the quarter. Ameriprise Financial Inc. owned about 0.25% of Getty Realty worth $4,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp raised its holdings in Getty Realty by 923.7% during the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,210 shares during the period. Smartleaf Asset Management LLC raised its holdings in Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,216 shares during the period. Loomis Sayles & Co. L P bought a new stake in Getty Realty during the 4th quarter valued at $45,000. Sterling Capital Management LLC raised its holdings in Getty Realty by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 1,413 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Getty Realty by 246.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 1,799 shares during the period. Institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on GTY. Robert W. Baird reduced their price target on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. UBS Group reduced their price target on shares of Getty Realty from $32.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, KeyCorp reduced their price target on shares of Getty Realty from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Getty Realty currently has an average rating of “Moderate Buy” and an average target price of $32.50.

Getty Realty Stock Up 0.6%

GTY opened at $28.54 on Monday. The company has a fifty day moving average price of $28.89 and a 200-day moving average price of $30.34. The firm has a market capitalization of $1.58 billion, a P/E ratio of 22.65 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. The company had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.71 million. Equities research analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be given a $0.47 dividend. The ex-dividend date is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.59%. Getty Realty’s dividend payout ratio (DPR) is presently 155.37%.

Getty Realty Profile