Bank of New York Mellon Corp Sells 23,440 Shares of Getty Realty Corporation (NYSE:GTY)

Bank of New York Mellon Corp cut its holdings in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 563,340 shares of the real estate investment trust's stock after selling 23,440 shares during the period. Bank of New York Mellon Corp owned about 1.02% of Getty Realty worth $17,565,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Getty Realty by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust's stock worth $236,937,000 after purchasing an additional 48,491 shares in the last quarter. Geode Capital Management LLC raised its position in Getty Realty by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock worth $39,095,000 after purchasing an additional 17,618 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Getty Realty by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock worth $22,640,000 after buying an additional 10,552 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Getty Realty by 21.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust's stock worth $21,824,000 after buying an additional 125,491 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Getty Realty by 23.5% in the fourth quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust's stock valued at $21,774,000 after purchasing an additional 137,427 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Performance

NYSE GTY traded up $0.34 during trading on Tuesday, reaching $27.29. The company's stock had a trading volume of 319,205 shares, compared to its average volume of 341,303. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 2.56 and a beta of 0.82. Getty Realty Corporation has a 12 month low of $26.42 and a 12 month high of $33.85. The firm has a 50 day moving average price of $28.36 and a 200 day moving average price of $29.38.

Getty Realty (NYSE:GTY - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. The company had revenue of $52.33 million during the quarter, compared to analysts' expectations of $52.71 million. Getty Realty had a net margin of 33.44% and a return on equity of 7.21%. As a group, equities analysts anticipate that Getty Realty Corporation will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.89%. Getty Realty's dividend payout ratio (DPR) is currently 155.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GTY shares. Robert W. Baird reduced their price target on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. UBS Group reduced their price target on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Finally, KeyCorp reduced their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.33.

About Getty Realty