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

Boston Partners trimmed its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,914 shares of the real estate investment trust’s stock after selling 17,281 shares during the period. Boston Partners’ holdings in Getty Realty were worth $2,076,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GTY. HighTower Advisors LLC lifted its position in shares of Getty Realty by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust’s stock valued at $1,904,000 after acquiring an additional 391 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Getty Realty by 1.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust’s stock valued at $738,000 after purchasing an additional 400 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 592 shares during the period. KBC Group NV increased its stake 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 worth $69,000 after purchasing an additional 683 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Getty Realty by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 52,913 shares of the real estate investment trust’s stock worth $1,593,000 after purchasing an additional 1,009 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Trading Down 0.2 %

NYSE:GTY opened at $30.48 on Friday. The company has a market capitalization of $1.68 billion, a P/E ratio of 24.19 and a beta of 0.91. The stock’s 50 day moving average price is $30.79 and its 200 day moving average price is $31.32. 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 Corp. has a 52 week low of $25.70 and a 52 week high of $33.85.

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

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 annualized dividend and a dividend yield of 6.17%. Getty Realty’s dividend payout ratio (DPR) is presently 149.21%.

Analyst Ratings Changes

Several analysts recently commented on GTY shares. KeyCorp upgraded 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 report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and set a $34.00 price target on shares of Getty Realty in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.00.

Getty Realty Profile