Getty Realty Corp. (NYSE:GTY) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in Getty Realty Corp. (NYSE:GTY) by 6.8% in the third quarter, Holdings Channel.com reports. The firm owned 10,320 shares of the real estate investment trust’s stock after selling 758 shares during the quarter. Victory Capital Management Inc.’s holdings in Getty Realty were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GTY. Clear Creek Financial Management LLC increased its holdings in Getty Realty by 5.0% in the second quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 375 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Getty Realty by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock valued at $659,000 after buying an additional 400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Getty Realty by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 513 shares in the last quarter. Arizona State Retirement System increased its holdings in Getty Realty by 4.3% in the second quarter. Arizona State Retirement System now owns 14,352 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 593 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Getty Realty by 10.6% in the second quarter. Van ECK Associates Corp now owns 7,569 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 723 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Bank of America raised shares of Getty Realty from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $34.00 in a report on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th.

Getty Realty Stock Down 1.2 %

Shares of NYSE GTY opened at $32.91 on Friday. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The firm’s 50 day moving average price is $31.89 and its 200 day moving average price is $30.18. The firm has a market cap of $1.81 billion, a P/E ratio of 28.13 and a beta of 0.91. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). The firm had revenue of $51.47 million for the quarter, compared to analyst estimates of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same quarter last year, the business posted $0.57 EPS. As a group, sell-side analysts anticipate that Getty Realty Corp. will post 2.23 earnings per share for the current year.

Getty Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Thursday, December 26th. This is a positive change from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Getty Realty Company Profile