Getty Realty Corp. (NYSE:GTY) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 9.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,262 shares of the real estate investment trust’s stock after selling 11,220 shares during the quarter. Exchange Traded Concepts LLC owned 0.20% of Getty Realty worth $3,292,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Verition Fund Management LLC acquired a new position in shares of Getty Realty during the third quarter worth about $10,119,000. NFJ Investment Group LLC acquired a new position in Getty Realty during the 3rd quarter worth approximately $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Getty Realty by 493.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 317,380 shares of the real estate investment trust’s stock worth $10,096,000 after acquiring an additional 263,938 shares during the period. State Street Corp grew its position in Getty Realty by 4.6% in the third quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock valued at $126,411,000 after acquiring an additional 172,631 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Getty Realty by 38.1% during the third quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust’s stock valued at $19,182,000 after purchasing an additional 166,345 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Price Performance

Shares of GTY stock opened at $30.59 on Friday. The firm has a fifty day moving average of $31.23 and a two-hundred day moving average of $31.24. The firm has a market cap of $1.68 billion, a P/E ratio of 26.14 and a beta of 0.93. Getty Realty Corp. has a 1-year low of $25.70 and a 1-year high of $33.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.28). The firm had revenue of $51.47 million during the quarter, compared to the consensus estimate of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same period in the prior year, the firm earned $0.57 earnings per share. As a group, research analysts anticipate that Getty Realty Corp. will post 2.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GTY has been the subject of several analyst reports. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price for the company in a research note on Tuesday, December 17th. Bank of America raised shares of 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 research report on Monday, October 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Getty Realty Company Profile