Getty Realty Corp. (NYSE:GTY) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,729,972 shares of the real estate investment trust's stock after selling 67,550 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 6.78% of Getty Realty worth $112,384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new stake in Getty Realty in the 4th quarter worth about $28,000. Fifth Third Bancorp raised its holdings in shares of Getty Realty by 923.7% during the 4th 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 lifted its position in Getty Realty by 715.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after buying an additional 1,216 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Getty Realty during the fourth quarter valued at approximately $45,000. Finally, Sterling Capital Management LLC increased its holdings in Getty Realty by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,413 shares during the period. 85.11% of the stock is owned by institutional investors.

Getty Realty Stock Performance

NYSE GTY traded up $0.14 on Friday, hitting $29.29. 57,502 shares of the company's stock were exchanged, compared to its average volume of 328,499. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The firm's 50-day moving average price is $28.77 and its two-hundred day moving average price is $30.28. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 23.22 and a beta of 0.83. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two 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 EPS for the quarter, meeting analysts' consensus estimates of $0.59. The business 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%. On average, research analysts expect that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be given 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 6.42%. Getty Realty's payout ratio is currently 155.37%.

Wall Street Analyst Weigh In

Several brokerages recently commented on GTY. UBS Group cut their price objective on Getty Realty from $32.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. KeyCorp dropped their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Finally, Robert W. Baird reduced their target price 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Getty Realty Company Profile