Getty Realty Corp. (NYSE:GTY) Holdings Decreased by Legato Capital Management LLC

Legato Capital Management LLC lessened its stake in Getty Realty Corp. (NYSE:GTY) by 38.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,489 shares of the real estate investment trust’s stock after selling 29,441 shares during the quarter. Legato Capital Management LLC’s holdings in Getty Realty were worth $1,401,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GTY. Creative Planning acquired a new position in Getty Realty during the second quarter valued at approximately $291,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Getty Realty by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 513 shares during the period. abrdn plc grew its stake in Getty Realty by 10.6% in the 3rd quarter. abrdn plc now owns 9,717 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 928 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in Getty Realty by 14.4% in the 3rd quarter. Clear Creek Financial Management LLC now owns 9,058 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 1,143 shares during the period. Finally, Van ECK Associates Corp lifted its position in Getty Realty by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 8,502 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 933 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Bank of America raised Getty Realty from a “neutral” rating to a “buy” rating and raised their price target for the company from $31.00 to $34.00 in a research report on Monday, October 21st. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price on the stock in a report on Tuesday, December 17th. Finally, JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Getty Realty Stock Down 2.2 %

NYSE GTY opened at $30.07 on Thursday. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market cap of $1.65 billion, a PE ratio of 25.70 and a beta of 0.93. The firm has a 50-day simple moving average of $30.82 and a 200 day simple moving average of $31.33.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data 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 return on equity of 6.84% and a net margin of 32.97%. On average, research analysts forecast that Getty Realty Corp. will post 2.23 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently declared 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 (DPR) is presently 160.68%.

Getty Realty Company Profile