Getty Realty Corp. (NYSE:GTY) Stock Holdings Cut by Vident Advisory LLC

Vident Advisory LLC cut its holdings in Getty Realty Corp. (NYSE:GTY - Free Report) by 42.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,667 shares of the real estate investment trust's stock after selling 14,219 shares during the quarter. Vident Advisory LLC's holdings in Getty Realty were worth $593,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its holdings in shares of Getty Realty by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust's stock worth $1,904,000 after acquiring an additional 391 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Getty Realty by 1.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust's stock worth $738,000 after acquiring an additional 400 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Getty Realty by 3.4% in the fourth quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust's stock worth $489,000 after acquiring an additional 533 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Getty Realty by 4.7% in the fourth quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock worth $375,000 after acquiring an additional 561 shares during the last quarter. Finally, Guggenheim Capital LLC grew its position in shares of Getty Realty by 8.2% in the fourth quarter. Guggenheim Capital LLC now owns 8,247 shares of the real estate investment trust's stock valued at $248,000 after purchasing an additional 622 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Robert W. Baird lowered their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. KeyCorp cut 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. Finally, UBS Group cut their price objective on 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 equities 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

Getty Realty Stock Performance

Shares of Getty Realty stock traded up $0.10 on Friday, reaching $29.25. 275,806 shares of the company were exchanged, compared to its average volume of 328,684. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The company's 50-day moving average is $28.74 and its two-hundred day moving average is $30.25. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 23.21 and a beta of 0.83. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share 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 for the quarter, compared to analysts' expectations of $52.71 million. As a group, research analysts expect that Getty Realty Corp. will post 2.29 earnings per share 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 6.43%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's dividend payout ratio (DPR) is 155.37%.

Getty Realty Profile