Ghisallo Capital Management LLC Sells 150,000 Shares of Getty Realty Corp. (NYSE:GTY)

Ghisallo Capital Management LLC decreased its position in Getty Realty Corp. (NYSE:GTY - Free Report) by 60.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the real estate investment trust's stock after selling 150,000 shares during the period. Ghisallo Capital Management LLC owned approximately 0.18% of Getty Realty worth $3,013,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in Getty Realty by 9.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,200 shares of the real estate investment trust's stock valued at $1,182,000 after acquiring an additional 3,436 shares during the period. Dark Forest Capital Management LP bought a new position in Getty Realty during the 4th quarter valued at about $1,615,000. Hsbc Holdings PLC lifted its stake in Getty Realty by 17.0% during the 4th quarter. Hsbc Holdings PLC now owns 42,080 shares of the real estate investment trust's stock valued at $1,267,000 after acquiring an additional 6,113 shares during the period. Uniplan Investment Counsel Inc. bought a new position in Getty Realty during the 4th quarter valued at about $1,418,000. Finally, Stifel Financial Corp lifted its stake in Getty Realty by 19.1% during the 4th quarter. Stifel Financial Corp now owns 236,702 shares of the real estate investment trust's stock valued at $7,132,000 after acquiring an additional 37,941 shares during the period. Institutional investors own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. 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. Robert W. Baird reduced their price target 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, April 24th. Finally, UBS Group assumed coverage on shares of Getty Realty in a research report on Friday, March 28th. They set a "neutral" rating and a $32.00 price target for the company. Three 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $33.33.

Getty Realty Price Performance

Getty Realty stock traded up $0.16 during mid-day trading on Thursday, hitting $28.15. The stock had a trading volume of 180,528 shares, compared to its average volume of 376,682. The firm has a market capitalization of $1.55 billion, a P/E ratio of 22.34 and a beta of 0.85. 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 firm's 50 day moving average is $29.77 and its 200 day moving average is $30.76. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85.

Getty Realty (NYSE:GTY - Get Free Report) last issued its earnings results 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 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%. On average, sell-side analysts forecast that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's payout ratio is currently 155.37%.

Getty Realty Profile