Moran Wealth Management LLC Decreases Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Moran Wealth Management LLC lowered its stake in Getty Realty Corp. (NYSE:GTY - Free Report) by 50.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,260 shares of the real estate investment trust's stock after selling 54,483 shares during the quarter. Moran Wealth Management LLC owned 0.10% of Getty Realty worth $1,585,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its holdings in shares of Getty Realty by 16.8% during the third quarter. Commonwealth Equity Services LLC now owns 10,230 shares of the real estate investment trust's stock valued at $284,000 after acquiring an additional 1,469 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Getty Realty by 12.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,299 shares of the real estate investment trust's stock valued at $480,000 after purchasing an additional 1,909 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Getty Realty by 6.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,491 shares of the real estate investment trust's stock worth $291,000 after buying an additional 613 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Getty Realty by 5.9% in the third quarter. Daiwa Securities Group Inc. now owns 14,655 shares of the real estate investment trust's stock valued at $406,000 after buying an additional 813 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Getty Realty by 6.4% during the third quarter. Nisa Investment Advisors LLC now owns 23,108 shares of the real estate investment trust's stock valued at $641,000 after buying an additional 1,380 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

GTY has been the topic of a number of analyst reports. JMP Securities restated a "market outperform" rating and issued a $33.00 target price on shares of Getty Realty in a report on Monday, March 25th. StockNews.com raised Getty Realty from a "sell" rating to a "hold" rating in a research note on Monday, April 22nd.

Getty Realty Stock Performance

Shares of Getty Realty stock traded up $0.15 during mid-day trading on Wednesday, hitting $28.22. 137,651 shares of the stock were exchanged, compared to its average volume of 262,954. Getty Realty Corp. has a 12 month low of $25.90 and a 12 month high of $35.56. The company has a 50-day simple moving average of $27.13 and a 200 day simple moving average of $27.88. The company has a market capitalization of $1.52 billion, a P/E ratio of 24.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.37 and a current ratio of 3.37.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.27). Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. The business had revenue of $48.97 million for the quarter, compared to analysts' expectations of $46.63 million. During the same period in the previous year, the business posted $0.56 earnings per share. Sell-side analysts anticipate that Getty Realty Corp. will post 2.31 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 27th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.38%. The ex-dividend date is Thursday, June 27th. Getty Realty's dividend payout ratio is 153.85%.

Getty Realty Company Profile