Getty Realty Corp. (NYSE:GTY) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its holdings in Getty Realty Corp. (NYSE:GTY - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,037,149 shares of the real estate investment trust's stock after selling 281,671 shares during the quarter. Millennium Management LLC owned approximately 1.89% of Getty Realty worth $31,249,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GTY. BROOKFIELD Corp ON acquired a new position in shares of Getty Realty in the fourth quarter worth about $14,988,000. Marshall Wace LLP lifted its stake in shares of 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 worth $15,435,000 after acquiring an additional 225,752 shares in the last quarter. Norges Bank acquired a new position in shares of Getty Realty in the fourth quarter worth about $5,217,000. Northern Trust Corp lifted its stake 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 worth $21,774,000 after acquiring an additional 137,427 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Getty Realty by 21.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust's stock valued at $21,824,000 after buying an additional 125,491 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GTY. Robert W. Baird lowered their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. KeyCorp lowered 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. Finally, UBS Group lowered their target price on Getty Realty from $32.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.

Getty Realty Stock Performance

GTY stock traded up $0.18 on Friday, reaching $28.54. The company's stock had a trading volume of 279,797 shares, compared to its average volume of 329,221. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85. The company has a market capitalization of $1.58 billion, a P/E ratio of 22.65 and a beta of 0.83. The firm has a fifty day moving average of $28.89 and a two-hundred day moving average of $30.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.59. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. The business had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.71 million. As a group, analysts predict that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's dividend payout ratio (DPR) is 155.37%.

Getty Realty Company Profile