Ingalls & Snyder LLC Sells 10,031 Shares of Getty Realty Corp. (NYSE:GTY)

Ingalls & Snyder LLC reduced its position in shares of Getty Realty Corp. (NYSE:GTY) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 185,903 shares of the real estate investment trust’s stock after selling 10,031 shares during the quarter. Ingalls & Snyder LLC owned about 0.34% of Getty Realty worth $5,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in Getty Realty by 923.7% during the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,210 shares during the last quarter. GAMMA Investing LLC raised its holdings in Getty Realty by 66.2% during the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 592 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Getty Realty by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 513 shares during the last quarter. KBC Group NV raised its holdings in Getty Realty by 45.8% during the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 683 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Getty Realty by 21.6% during the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 441 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. Finally, Bank of America upgraded Getty Realty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $34.00 in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Getty Realty Price Performance

Getty Realty stock opened at $30.07 on Thursday. The firm has a market capitalization of $1.65 billion, a P/E ratio of 25.70 and a beta of 0.93. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The business has a 50-day moving average of $30.82 and a 200-day moving average of $31.33. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTY) last issued 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 return on equity of 6.84% and a net margin of 32.97%. On average, equities analysts anticipate that Getty Realty Corp. will post 2.23 EPS for the current year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s payout ratio is 160.68%.

Getty Realty Profile