Invesco Ltd. Sells 31,141 Shares of Getty Realty Corp. (NYSE:GTY)

Invesco Ltd. trimmed its holdings in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 456,209 shares of the real estate investment trust's stock after selling 31,141 shares during the quarter. Invesco Ltd. owned about 0.83% of Getty Realty worth $13,746,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Getty Realty by 0.6% in the 4th 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 in the last quarter. Geode Capital Management LLC raised its position in shares of Getty Realty by 1.4% in the fourth 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 period. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Getty Realty by 17.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 681,231 shares of the real estate investment trust's stock worth $20,525,000 after buying an additional 99,530 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Getty Realty by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 586,780 shares of the real estate investment trust's stock worth $17,680,000 after buying an additional 41,826 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Getty Realty by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 369,419 shares of the real estate investment trust's stock worth $11,131,000 after buying an additional 1,231 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GTY has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday. JMP Securities restated a "market outperform" rating and set a $34.00 target price on shares of Getty Realty in a research note on Friday, January 10th. Finally, UBS Group started coverage on Getty Realty in a research report on Friday, March 28th. They issued a "neutral" rating and a $32.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.33.

Getty Realty Stock Performance

GTY stock traded down $0.21 during trading on Friday, reaching $27.36. 400,968 shares of the stock were exchanged, compared to its average volume of 317,404. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.51 billion, a P/E ratio of 21.71 and a beta of 0.85. The stock has a 50 day simple moving average of $29.91 and a 200-day simple moving average of $30.82.

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, hitting the consensus estimate of $0.59. The company had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. As a group, sell-side analysts anticipate that Getty Realty Corp. will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Thursday, June 26th. Getty Realty's payout ratio is 149.21%.

Getty Realty Profile