Citigroup Inc. Sells 27,938 Shares of Getty Realty Corporation $GTY

Citigroup Inc. trimmed its position in Getty Realty Corporation (NYSE:GTY) by 29.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,917 shares of the real estate investment trust’s stock after selling 27,938 shares during the period. Citigroup Inc. owned approximately 0.12% of Getty Realty worth $1,795,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Getty Realty by 0.6% in the third quarter. Vanguard Group Inc. now owns 8,386,280 shares of the real estate investment trust’s stock valued at $225,004,000 after acquiring an additional 51,602 shares during the period. State Street Corp increased its holdings in shares of Getty Realty by 3.3% during the second quarter. State Street Corp now owns 3,858,470 shares of the real estate investment trust’s stock valued at $108,315,000 after acquiring an additional 124,350 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Getty Realty by 3.3% during the second quarter. Geode Capital Management LLC now owns 1,418,927 shares of the real estate investment trust’s stock worth $39,224,000 after purchasing an additional 44,766 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Getty Realty by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 581,766 shares of the real estate investment trust’s stock worth $16,080,000 after purchasing an additional 18,426 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Getty Realty by 58.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 527,290 shares of the real estate investment trust’s stock worth $14,574,000 after purchasing an additional 193,851 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $32.99 on Monday. Getty Realty Corporation has a 52 week low of $25.39 and a 52 week high of $34.02. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $30.46 and a 200-day moving average price of $28.72. The company has a market cap of $1.97 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.45 and a beta of 0.82.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The company had revenue of $60.55 million for the quarter, compared to analysts’ expectations of $55.94 million. The business’s revenue was up 14.2% on a year-over-year basis. Equities analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be paid a $0.485 dividend. The ex-dividend date is Thursday, March 26th. This represents a $1.94 annualized dividend and a dividend yield of 5.9%. Getty Realty’s dividend payout ratio is presently 144.78%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GTY shares. Royal Bank Of Canada boosted their price target on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.60.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.