Y Intercept Hong Kong Ltd Sells 13,301 Shares of Getty Realty Corp. (NYSE:GTY)

Y Intercept Hong Kong Ltd lowered its position in Getty Realty Corp. (NYSE:GTY) by 44.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,958 shares of the real estate investment trust’s stock after selling 13,301 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Getty Realty were worth $511,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of Getty Realty by 923.7% in the fourth 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 last quarter. GAMMA Investing LLC raised 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 valued at $45,000 after acquiring an additional 592 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Getty Realty by 34.7% in the third 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 acquiring an additional 513 shares during the last quarter. KBC Group NV raised its stake in shares of Getty Realty by 45.8% in the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 683 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of Getty Realty by 21.6% in the third quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 441 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $31.45 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market cap of $1.73 billion, a P/E ratio of 24.96 and a beta of 0.93. The firm has a 50 day simple moving average of $30.52 and a 200 day simple moving average of $31.35. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.85.

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, topping analysts’ consensus estimates of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Sell-side analysts predict that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm 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 dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s dividend payout ratio is presently 149.21%.

Analysts Set New Price Targets

GTY has been the subject of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $34.00 target price on shares of Getty Realty in a research note on Friday, January 10th. KeyCorp raised shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target for the company in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Getty Realty Company Profile