Lighthouse Investment Partners LLC Sells 72,500 Shares of Getty Realty Corp. (NYSE:GTY)

Lighthouse Investment Partners LLC decreased its position in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 27.9% during the 4th quarter, according to its most recent 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 filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GTY. Fifth Third Bancorp boosted its position in shares of 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 acquiring an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Getty Realty by 715.3% during the 4th 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of Getty Realty by 66.2% during the 4th 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 acquired a new stake in shares of Getty Realty during the 4th quarter worth approximately $45,000. Finally, Sterling Capital Management LLC boosted its position in shares of Getty Realty by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,413 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Analysts Set New Price Targets

GTY has been the topic of several analyst reports. KeyCorp reduced their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Robert W. Baird reduced their price target on shares of 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, UBS Group reduced their price target on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Getty Realty Price Performance

NYSE:GTY traded up $0.51 on Friday, hitting $29.02. The company had a trading volume of 473,208 shares, compared to its average volume of 327,148. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 23.03 and a beta of 0.83. 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 has a 50 day moving average of $29.08 and a two-hundred day moving average of $30.44. Getty Realty Corp. has a 52 week low of $25.70 and a 52 week high of $33.85.

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 EPS for the quarter, meeting the consensus estimate 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%. On average, research 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Thursday, June 26th. Getty Realty's payout ratio is currently 155.37%.

Getty Realty Profile