Getty Realty Corp. (NYSE:GTY) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,515 shares of the real estate investment trust’s stock after selling 805 shares during the period. Victory Capital Management Inc.’s holdings in Getty Realty were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Atria Investments Inc acquired a new stake in Getty Realty in the third quarter worth approximately $339,000. KBC Group NV lifted its position in 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 worth $69,000 after purchasing an additional 683 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Getty Realty in the third quarter worth approximately $1,637,000. Intech Investment Management LLC acquired a new stake in Getty Realty in the third quarter worth approximately $616,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Getty Realty by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust’s stock worth $24,727,000 after purchasing an additional 11,742 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Price Performance

NYSE GTY opened at $30.48 on Friday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 24.19 and a beta of 0.91. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The business’s fifty day moving average is $30.79 and its two-hundred day moving average is $31.31. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. On average, research analysts forecast that Getty Realty Corp. will post 2.29 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 paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.17%. The ex-dividend date is Thursday, March 27th. Getty Realty’s dividend payout ratio (DPR) is currently 149.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GTY shares. JMP Securities restated a “market outperform” rating and issued a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. KeyCorp upgraded Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price for the company in a research report on Tuesday, December 17th. Two 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, Getty Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Getty Realty Profile