Public Sector Pension Investment Board Sells 2,300 Shares of Getty Realty Corp. (NYSE:GTY)

Public Sector Pension Investment Board trimmed its position in shares of Getty Realty Corp. (NYSE:GTY) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,742 shares of the real estate investment trust’s stock after selling 2,300 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.19% of Getty Realty worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GTY. Price T Rowe Associates Inc. MD increased its holdings in Getty Realty by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,249 shares of the real estate investment trust’s stock valued at $910,000 after purchasing an additional 1,707 shares in the last quarter. Strategic Advocates LLC increased its stake in shares of Getty Realty by 10.8% in the second quarter. Strategic Advocates LLC now owns 14,567 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 1,416 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Getty Realty by 198.3% in the second quarter. SG Americas Securities LLC now owns 17,550 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 11,666 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Getty Realty by 47.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 33,956 shares of the real estate investment trust’s stock worth $921,000 after buying an additional 10,877 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in Getty Realty by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock worth $659,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Trading Down 1.0 %

GTY opened at $32.35 on Wednesday. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 27.65 and a beta of 0.92. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44. The firm has a 50 day simple moving average of $31.91 and a 200 day simple moving average of $30.26.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The business had revenue of $51.47 million for the quarter, compared to the consensus estimate of $49.79 million. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, sell-side analysts anticipate that Getty Realty Corp. will post 2.23 earnings per share for the current year.

Getty Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, December 26th. This represents a $1.88 dividend on an annualized basis and a yield of 5.81%. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GTY. JPMorgan Chase & Co. upped their target price on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Bank of America raised Getty Realty from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $31.00 to $34.00 in a report on Monday, October 21st.

Getty Realty Company Profile