Getty Realty Corp. (NYSE:GTY) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in Getty Realty Corp. (NYSE:GTY) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 554,247 shares of the real estate investment trust’s stock after selling 48,776 shares during the period. Natixis Advisors LLC’s holdings in Getty Realty were worth $16,699,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GTY. Atria Investments Inc acquired a new stake in Getty Realty in the 3rd quarter valued at approximately $339,000. GSA Capital Partners LLP acquired a new stake in Getty Realty in the 3rd quarter valued at approximately $495,000. KBC Group NV increased its holdings in Getty Realty by 45.8% in the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 683 shares during the last quarter. Huntington National Bank increased its holdings in Getty Realty by 21.6% in the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 441 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in Getty Realty by 36.1% in the 3rd quarter. Quest Partners LLC now owns 39,259 shares of the real estate investment trust’s stock valued at $1,249,000 after purchasing an additional 10,404 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on GTY shares. JMP Securities reissued a “market outperform” rating and issued a $34.00 price target on shares of Getty Realty in a research report on Friday, January 10th. KeyCorp raised shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target for the company in a research report on Tuesday, December 17th. Two equities 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 currently has an average rating of “Moderate Buy” and an average price target of $34.00.

Getty Realty Stock Performance

Shares of GTY stock opened at $30.76 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85. The stock has a market capitalization of $1.69 billion, a PE ratio of 24.41 and a beta of 0.91. The firm has a 50 day moving average of $30.72 and a two-hundred day moving average of $31.34.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping 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, research analysts predict that Getty Realty Corp. will post 2.29 EPS 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 given a dividend of $0.47 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.88 annualized dividend and a dividend yield of 6.11%. Getty Realty’s dividend payout ratio (DPR) is currently 149.21%.

Getty Realty Company Profile