Rhumbline Advisers Sells 7,694 Shares of Getty Realty Corp. (NYSE:GTY)

Rhumbline Advisers lessened its position in Getty Realty Corp. (NYSE:GTY) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 171,629 shares of the real estate investment trust’s stock after selling 7,694 shares during the period. Rhumbline Advisers owned approximately 0.31% of Getty Realty worth $5,351,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. bought a new stake in Getty Realty in the 4th quarter valued at $28,000. Smartleaf Asset Management LLC lifted its stake in shares of 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 worth $41,000 after buying an additional 1,216 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Getty Realty during the 4th quarter worth about $45,000. Sterling Capital Management LLC raised its stake in Getty Realty by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,413 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Getty Realty by 246.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 1,799 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Getty Realty Price Performance

GTY stock opened at $29.27 on Friday. The firm has a 50 day moving average price of $28.51 and a 200-day moving average price of $30.07. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 23.23 and a beta of 0.84. 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 (NYSE:GTY) last announced its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. The company had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Equities research analysts forecast that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be paid a dividend of $0.47 per share. The ex-dividend date is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.42%. Getty Realty’s dividend payout ratio is presently 155.37%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. KeyCorp decreased their target price on shares of Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. UBS Group cut their target price on shares of Getty Realty from $32.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Finally, Robert W. Baird dropped their price target on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Getty Realty Company Profile