Bank of New York Mellon Corp Has $17.57 Million Stock Holdings in Getty Realty Corporation (NYSE:GTY)

Bank of New York Mellon Corp trimmed its position in Getty Realty Corporation (NYSE:GTY) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 563,340 shares of the real estate investment trust’s stock after selling 23,440 shares during the period. Bank of New York Mellon Corp owned approximately 1.02% of Getty Realty worth $17,565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GTY. GF Fund Management CO. LTD. purchased a new stake in shares of Getty Realty during the fourth quarter valued at approximately $28,000. Loomis Sayles & Co. L P bought a new position in shares of Getty Realty in the fourth quarter worth $45,000. Sterling Capital Management LLC raised its position in shares of Getty Realty by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,413 shares in the last quarter. Quarry LP raised its position in shares of Getty Realty by 468.0% in the fourth quarter. Quarry LP now owns 2,806 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 2,312 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of Getty Realty in the fourth quarter worth $209,000. 85.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on GTY. KeyCorp lowered their price target on Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. UBS Group cut their price objective on Getty Realty from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird cut their price objective on 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Getty Realty has an average rating of “Moderate Buy” and an average target price of $32.33.

Getty Realty Stock Down 1.3%

GTY opened at $26.75 on Friday. The firm has a 50-day simple moving average of $28.39 and a two-hundred day simple moving average of $29.40. Getty Realty Corporation has a 52 week low of $26.42 and a 52 week high of $33.85. The company has a market capitalization of $1.48 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.58 and a beta of 0.82. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. Getty Realty had a net margin of 33.44% and a return on equity of 7.21%. The firm had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.71 million. Analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th were paid a $0.47 dividend. The ex-dividend date was Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 7.03%. Getty Realty’s dividend payout ratio (DPR) is 155.37%.

Getty Realty Profile