Getty Realty Corporation $GTY Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Getty Realty Corporation (NYSE:GTY) by 23.4% in the third quarter, HoldingsChannel.com reports. The firm owned 158,469 shares of the real estate investment trust’s stock after selling 48,334 shares during the period. Rhumbline Advisers’ holdings in Getty Realty were worth $4,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in GTY. Ameritas Investment Partners Inc. raised its holdings in shares of Getty Realty by 7.2% during the second quarter. Ameritas Investment Partners Inc. now owns 5,300 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 356 shares during the period. Teacher Retirement System of Texas raised its stake in Getty Realty by 1.2% during the third quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust’s stock worth $1,012,000 after acquiring an additional 450 shares during the period. Amalgamated Bank lifted its holdings in Getty Realty by 3.5% in the third quarter. Amalgamated Bank now owns 15,015 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 503 shares during the last quarter. Marathon Capital Management boosted its stake in Getty Realty by 3.5% in the second quarter. Marathon Capital Management now owns 15,590 shares of the real estate investment trust’s stock valued at $431,000 after acquiring an additional 525 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Getty Realty by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 25,441 shares of the real estate investment trust’s stock valued at $703,000 after acquiring an additional 548 shares during the period. Institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research report on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Getty Realty currently has an average rating of “Hold” and an average price target of $31.60.

Getty Realty Stock Performance

Shares of NYSE GTY opened at $32.59 on Wednesday. Getty Realty Corporation has a 12-month low of $25.39 and a 12-month high of $34.02. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.95 billion, a PE ratio of 24.32, a P/E/G ratio of 2.41 and a beta of 0.84. The stock has a 50 day simple moving average of $29.67 and a 200-day simple moving average of $28.45.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $60.55 million for the quarter, compared to analysts’ expectations of $55.94 million. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities research analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be issued a $0.485 dividend. The ex-dividend date is Thursday, March 26th. This represents a $1.94 annualized dividend and a dividend yield of 6.0%. Getty Realty’s dividend payout ratio (DPR) is 144.78%.

Getty Realty Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.