Getty Realty Corp. (NYSE:GTY) Position Lessened by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 44.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,958 shares of the real estate investment trust’s stock after selling 13,301 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Getty Realty were worth $511,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Navellier & Associates Inc. increased its position in Getty Realty by 39.0% during the fourth quarter. Navellier & Associates Inc. now owns 13,759 shares of the real estate investment trust’s stock worth $415,000 after buying an additional 3,863 shares during the last quarter. Truist Financial Corp acquired a new position in Getty Realty during the fourth quarter worth $228,000. Principal Financial Group Inc. increased its position in Getty Realty by 4.4% during the fourth quarter. Principal Financial Group Inc. now owns 245,436 shares of the real estate investment trust’s stock worth $7,395,000 after buying an additional 10,455 shares during the last quarter. Congress Asset Management Co. increased its position in Getty Realty by 61.5% during the fourth quarter. Congress Asset Management Co. now owns 226,096 shares of the real estate investment trust’s stock worth $6,812,000 after buying an additional 86,110 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Getty Realty by 12.6% during the fourth quarter. Van ECK Associates Corp now owns 9,574 shares of the real estate investment trust’s stock worth $288,000 after buying an additional 1,072 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GTY has been the topic of several analyst reports. JMP Securities reissued a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research report 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 research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Getty Realty presently has an average rating of “Moderate Buy” and an average price target of $34.00.

Getty Realty Trading Up 0.8 %

Shares of NYSE:GTY opened at $31.45 on Friday. The company has a market cap of $1.73 billion, a P/E ratio of 24.96 and a beta of 0.93. The stock’s 50-day moving average is $30.52 and its 200-day moving average is $31.35. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share 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%. Equities research analysts predict that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Thursday, March 27th. Getty Realty’s payout ratio is presently 149.21%.

Getty Realty Profile