PNC Financial Services Group Inc. Has $131,000 Stock Position in Getty Realty Corp. (NYSE:GTY)

PNC Financial Services Group Inc. lessened its holdings in Getty Realty Corp. (NYSE:GTY) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,484 shares of the real estate investment trust’s stock after selling 424 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Getty Realty were worth $131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Baystate Wealth Management LLC acquired a new stake in Getty Realty in the fourth quarter valued at about $29,000. Quadrant Capital Group LLC grew its holdings in shares of Getty Realty by 67.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,836 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 1,144 shares during the last quarter. Rocky Mountain Advisers LLC acquired a new position in Getty Realty during the 4th quarter worth approximately $105,000. Van ECK Associates Corp lifted its stake in Getty Realty by 27.4% in the 4th quarter. Van ECK Associates Corp now owns 6,690 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Getty Realty in the fourth quarter valued at approximately $204,000. Institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GTY. JMP Securities reiterated a “market outperform” rating and set a $33.00 price target on shares of Getty Realty in a report on Monday, March 25th. StockNews.com upgraded Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

Getty Realty Trading Up 0.5 %

Shares of NYSE GTY opened at $26.71 on Friday. The firm has a 50 day moving average price of $27.25 and a two-hundred day moving average price of $27.47. The stock has a market cap of $1.44 billion, a P/E ratio of 22.83 and a beta of 0.90. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week high of $34.38. 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) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The company had revenue of $48.97 million during the quarter, compared to analyst estimates of $46.63 million. Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. During the same quarter in the previous year, the company earned $0.56 earnings per share. As a group, equities analysts forecast that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 27th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.74%. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Getty Realty Profile