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

Nuveen Asset Management LLC trimmed its holdings in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,024 shares of the real estate investment trust's stock after selling 49,103 shares during the quarter. Nuveen Asset Management LLC owned 0.47% of Getty Realty worth $7,744,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Getty Realty by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust's stock valued at $236,937,000 after acquiring an additional 48,491 shares during the last quarter. Geode Capital Management LLC grew its holdings in Getty Realty by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock valued at $39,095,000 after purchasing an additional 17,618 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Getty Realty by 1.4% in 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 purchasing an additional 10,552 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of 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 valued at $21,824,000 after buying an additional 125,491 shares during the period. Finally, Northern Trust Corp raised 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 worth $21,774,000 after buying an additional 137,427 shares during the period. Institutional investors own 85.11% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Robert W. Baird reduced their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. UBS Group decreased their price objective on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, KeyCorp dropped their target price on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

Getty Realty Stock Down 0.5%

Shares of NYSE:GTY traded down $0.16 during trading hours on Tuesday, hitting $28.92. The company's stock had a trading volume of 352,692 shares, compared to its average volume of 329,016. The firm's fifty day moving average price is $28.67 and its 200 day moving average price is $30.22. 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 $1.60 billion, a price-to-earnings ratio of 22.95 and a beta of 0.83. 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 EPS for the quarter, hitting analysts' consensus estimates of $0.59. The company had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.71 million. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. As a group, research analysts expect that Getty Realty Corp. will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be issued 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 yield of 6.50%. Getty Realty's dividend payout ratio is presently 155.37%.

Getty Realty Company Profile