UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 34,017 Shares of Getty Realty Corp. (NYSE:GTY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 283,363 shares of the real estate investment trust's stock after selling 34,017 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.52% of Getty Realty worth $8,538,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Fifth Third Bancorp raised its stake in Getty Realty by 923.7% during the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 1,216 shares during the period. Loomis Sayles & Co. L P bought a new stake in Getty Realty in the 4th quarter valued at $45,000. Sterling Capital Management LLC lifted its position in shares of 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 worth $48,000 after buying an additional 1,413 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Getty Realty by 246.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 1,799 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group dropped their target price on Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Robert W. Baird decreased their price target 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. Finally, KeyCorp reduced their price target on 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.50.

Getty Realty Trading Down 0.5%

Shares of GTY traded down $0.15 during midday trading on Wednesday, hitting $28.80. 232,623 shares of the stock were exchanged, compared to its average volume of 329,053. The firm has a market cap of $1.60 billion, a P/E ratio of 22.86 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $33.85. The stock has a fifty day simple moving average of $28.64 and a 200 day simple moving average of $30.21.

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

Getty Realty Dividend Announcement

The firm 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 is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.53%. Getty Realty's dividend payout ratio (DPR) is 155.37%.

Getty Realty Profile