Dean Capital Management Decreases Stake in Getty Realty Corp. (NYSE:GTY)

Dean Capital Management trimmed its position in Getty Realty Corp. (NYSE:GTY - Free Report) by 53.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,392 shares of the real estate investment trust's stock after selling 45,866 shares during the quarter. Dean Capital Management owned about 0.07% of Getty Realty worth $1,187,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GTY. Barclays PLC raised its position in Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust's stock valued at $3,281,000 after acquiring an additional 82,887 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Getty Realty during the third quarter worth about $140,000. JPMorgan Chase & Co. increased its position in shares of Getty Realty by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 207,173 shares of the real estate investment trust's stock worth $6,590,000 after purchasing an additional 4,243 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Getty Realty by 66.2% during the fourth 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 in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Getty Realty during the 4th quarter valued at about $136,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Price Performance

GTY traded down $0.52 on Tuesday, hitting $28.01. 110,925 shares of the company were exchanged, compared to its average volume of 323,041. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The business's fifty day moving average is $29.30 and its 200 day moving average is $30.54. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The firm has a market capitalization of $1.55 billion, a P/E ratio of 22.23 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. The company had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. As a group, sell-side analysts anticipate that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.71%. Getty Realty's dividend payout ratio (DPR) is presently 155.37%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GTY. KeyCorp dropped their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. UBS Group began coverage on Getty Realty in a research report on Friday, March 28th. They issued a "neutral" rating and a $32.00 price target on the stock. Finally, Robert W. Baird reduced their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Getty Realty has an average rating of "Moderate Buy" and an average target price of $33.00.

About Getty Realty