Getty Realty Corp. (NYSE:GTY) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 66.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 68,336 shares of the real estate investment trust's stock after selling 135,535 shares during the period. First Trust Advisors LP owned approximately 0.12% of Getty Realty worth $2,059,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of GTY. Fifth Third Bancorp boosted its stake in Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake 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 purchasing an additional 1,216 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 592 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Getty Realty in the 4th quarter valued at $45,000. Finally, Sterling Capital Management LLC increased its position in shares of Getty Realty by 821.5% in 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 acquiring an additional 1,413 shares during the period. Institutional investors and hedge funds own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group assumed coverage on Getty Realty in a research report on Friday, March 28th. They issued a "neutral" rating and a $32.00 target price on the stock. Robert W. Baird cut their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, KeyCorp cut their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

Getty Realty Stock Performance

NYSE:GTY traded up $0.30 during mid-day trading on Friday, hitting $28.60. The company's stock had a trading volume of 275,707 shares, compared to its average volume of 323,697. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. 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 stock has a market cap of $1.59 billion, a price-to-earnings ratio of 22.70 and a beta of 0.83. The business's fifty day moving average is $29.35 and its two-hundred day moving average is $30.56.

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 for the quarter, hitting analysts' consensus estimates of $0.59. The business 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%. Analysts anticipate that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed 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 of this dividend is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.57%. Getty Realty's dividend payout ratio (DPR) is currently 155.37%.

Getty Realty Company Profile