Ingalls & Snyder LLC Sells 10,031 Shares of Getty Realty Corp. (NYSE:GTY)

Ingalls & Snyder LLC lessened its holdings in Getty Realty Corp. (NYSE:GTY) by 5.1% during the fourth quarter, Holdings Channel reports. The fund owned 185,903 shares of the real estate investment trust’s stock after selling 10,031 shares during the period. Ingalls & Snyder LLC’s holdings in Getty Realty were worth $5,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,210 shares during the period. GAMMA Investing LLC grew its holdings in Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 592 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Getty Realty by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 513 shares in the last quarter. KBC Group NV grew its holdings in Getty Realty by 45.8% in the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 683 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Getty Realty by 21.6% in the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 441 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Price Performance

GTY stock opened at $30.07 on Thursday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85. The firm has a market cap of $1.65 billion, a P/E ratio of 25.70 and a beta of 0.93. The company’s 50-day moving average price is $30.82 and its two-hundred day moving average price is $31.33.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. On average, analysts anticipate that Getty Realty Corp. will post 2.23 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.25%. The ex-dividend date is Thursday, March 27th. Getty Realty’s dividend payout ratio is currently 160.68%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GTY. JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective on the stock in a report on Tuesday, December 17th. Finally, Bank of America raised Getty Realty from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $34.00 in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Getty Realty currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

About Getty Realty