Stifel Financial Corp cut its holdings in Getty Realty Corp. (NYSE:GTY – Free Report) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,403 shares of the real estate investment trust’s stock after selling 4,082 shares during the period. Stifel Financial Corp owned approximately 0.14% of Getty Realty worth $2,008,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in Getty Realty by 97.3% in the second quarter. Franklin Resources Inc. now owns 74,232 shares of the real estate investment trust’s stock worth $2,511,000 after purchasing an additional 36,610 shares during the last quarter. Invesco Ltd. raised its stake in shares of Getty Realty by 11.4% during the third quarter. Invesco Ltd. now owns 460,215 shares of the real estate investment trust’s stock valued at $12,762,000 after acquiring an additional 47,192 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Getty Realty by 3.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 51,010 shares of the real estate investment trust’s stock valued at $1,415,000 after acquiring an additional 1,900 shares during the last quarter. Boston Partners raised its stake in shares of Getty Realty by 120.7% during the third quarter. Boston Partners now owns 175,092 shares of the real estate investment trust’s stock valued at $4,855,000 after acquiring an additional 95,760 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake 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 acquiring an additional 1,380 shares during the last quarter. 83.55% of the stock is owned by institutional investors.
Getty Realty Stock Performance
Shares of NYSE:GTY opened at $27.22 on Friday. Getty Realty Corp. has a 12 month low of $25.90 and a 12 month high of $36.45. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $27.65 and a 200-day moving average price of $28.35. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 6.28 and a beta of 0.89.
Getty Realty (NYSE:GTY – Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. The company had revenue of $45.62 million for the quarter, compared to analysts’ expectations of $47.19 million. As a group, equities analysts anticipate that Getty Realty Corp. will post 2.3 EPS for the current year.
Getty Realty Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.61%. The ex-dividend date of this dividend is Wednesday, March 27th. Getty Realty’s dividend payout ratio is currently 156.52%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Getty Realty from a “hold” rating to a “sell” rating in a research note on Sunday, March 3rd.
Check Out Our Latest Research Report on GTY
Getty Realty Company Profile
Featured Stories
Five stocks we like better than Getty Realty
What is the Australian Securities Exchange (ASX)
MarketBeat Week in Review – 3/4 – 3/8
Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
What is a Microcap Stock? Everything You Need to Know
3 Warren Buffett Stocks to Buy Now
How to Invest in Casino Stocks: Pros and Cons and More
Want to see what other hedge funds are holding GTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Getty Realty Corp. (NYSE:GTY – Free Report).
Receive News & Ratings for Getty Realty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Getty Realty and related companies with MarketBeat.com’s FREE daily email newsletter.
