Getty Realty Corp. (NYSE:GTY) Holdings Cut by Boston Partners

Boston Partners reduced its stake in Getty Realty Corp. (NYSE:GTY) by 20.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,914 shares of the real estate investment trust’s stock after selling 17,281 shares during the period. Boston Partners owned 0.13% of Getty Realty worth $2,076,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Jane Street Group LLC boosted its position in Getty Realty by 149.1% during the 3rd quarter. Jane Street Group LLC now owns 96,423 shares of the real estate investment trust’s stock valued at $3,067,000 after purchasing an additional 57,712 shares during the period. Stifel Financial Corp lifted its stake in Getty Realty by 79.9% in the third quarter. Stifel Financial Corp now owns 198,761 shares of the real estate investment trust’s stock valued at $6,323,000 after buying an additional 88,253 shares during the last quarter. Barclays PLC boosted its holdings in shares of Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust’s stock valued at $3,281,000 after acquiring an additional 82,887 shares during the period. abrdn plc grew its position in shares of Getty Realty by 30.6% during the fourth quarter. abrdn plc now owns 12,692 shares of the real estate investment trust’s stock worth $380,000 after acquiring an additional 2,975 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Getty Realty by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock worth $40,713,000 after acquiring an additional 16,252 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research note on Friday, January 10th. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target on the stock in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Getty Realty has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Getty Realty Stock Performance

Shares of GTY opened at $30.48 on Friday. The firm has a market capitalization of $1.68 billion, a PE ratio of 24.19 and a beta of 0.91. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $30.79 and a 200 day moving average price of $31.32. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) 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 anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date is Thursday, March 27th. Getty Realty’s dividend payout ratio is presently 149.21%.

About Getty Realty