Kayne Anderson Rudnick Investment Management LLC Cuts Holdings in Getty Realty Corp. (NYSE:GTY)

Kayne Anderson Rudnick Investment Management LLC lowered its stake in Getty Realty Corp. (NYSE:GTY - Free Report) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,729,972 shares of the real estate investment trust's stock after selling 67,550 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 6.78% of Getty Realty worth $112,384,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GF Fund Management CO. LTD. bought a new position in shares of Getty Realty in the 4th quarter valued at $28,000. Fifth Third Bancorp boosted its stake in Getty Realty by 923.7% in the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Getty Realty by 715.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 1,216 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in Getty Realty in the fourth quarter valued at about $45,000. Finally, Sterling Capital Management LLC raised its stake in Getty Realty by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,413 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Trading Up 0.6%

GTY traded up $0.17 during trading on Thursday, reaching $29.17. 163,504 shares of the company's stock were exchanged, compared to its average volume of 328,829. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The firm has a fifty day moving average price of $28.79 and a two-hundred day moving average price of $30.30. The stock has a market capitalization of $1.62 billion, a PE ratio of 23.15 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, hitting analysts' consensus estimates 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 net margin of 34.94% and a return on equity of 7.43%. As a group, equities research analysts forecast that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.44%. Getty Realty's dividend payout ratio (DPR) is presently 155.37%.

Analyst Ratings Changes

Several brokerages recently issued reports on GTY. KeyCorp decreased their price target on shares of 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 objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, UBS Group decreased their target price on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $32.50.

About Getty Realty