Getty Realty Corp. (NYSE:GTY) Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC reduced its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,500 shares of the real estate investment trust's stock after selling 72,500 shares during the period. Lighthouse Investment Partners LLC owned about 0.34% of Getty Realty worth $5,649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp increased its stake in Getty Realty by 923.7% during the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after buying an additional 1,210 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Getty Realty by 715.3% during the fourth 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 last quarter. GAMMA Investing LLC lifted its stake in shares of Getty Realty by 66.2% in the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 592 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Getty Realty in the fourth quarter valued at about $45,000. Finally, Sterling Capital Management LLC boosted its holdings in Getty Realty by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,413 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

Shares of NYSE:GTY traded up $0.51 during trading on Friday, hitting $29.02. 473,208 shares of the company traded hands, compared to its average volume of 325,899. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 23.03 and a beta of 0.83. Getty Realty Corp. has a one year low of $25.70 and a one year high of $33.85. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The business's fifty day moving average is $29.08 and its 200-day moving average is $30.45.

Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) 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 analysts' expectations of $52.71 million. As a group, equities analysts predict that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently announced 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. This represents a $1.88 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's dividend payout ratio (DPR) is 155.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. 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, May 7th. UBS Group cut their price target on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Robert W. Baird reduced their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.50.

About Getty Realty