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

Bank of New York Mellon Corp cut its stake in Getty Realty Corporation (NYSE:GTY - Free Report) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 563,340 shares of the real estate investment trust's stock after selling 23,440 shares during the quarter. Bank of New York Mellon Corp owned about 1.02% of Getty Realty worth $17,565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BROOKFIELD Corp ON acquired a new position in Getty Realty in the fourth quarter valued at approximately $14,988,000. Marshall Wace LLP boosted its stake in Getty Realty by 78.8% in the fourth quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust's stock valued at $15,435,000 after acquiring an additional 225,752 shares during the period. Norges Bank acquired a new position in Getty Realty in the fourth quarter valued at approximately $5,217,000. Northern Trust Corp boosted its stake in 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 acquiring an additional 137,427 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in Getty Realty by 56.2% in the fourth quarter. Two Sigma Advisers LP now owns 360,000 shares of the real estate investment trust's stock valued at $10,847,000 after acquiring an additional 129,500 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

GTY stock traded down $0.34 during mid-day trading on Friday, reaching $26.75. 491,905 shares of the stock traded hands, compared to its average volume of 341,800. The business has a 50-day moving average of $28.39 and a two-hundred day moving average of $29.40. The firm has a market capitalization of $1.48 billion, a PE ratio of 22.11, a P/E/G ratio of 2.55 and a beta of 0.82. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.94. Getty Realty Corporation has a 52 week low of $26.42 and a 52 week high of $33.85.

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

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 26th were issued a dividend of $0.47 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.03%. Getty Realty's payout ratio is 155.37%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp dropped their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird dropped their price target on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group dropped their price target on Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.33.

Getty Realty Profile