Pensionfund DSM Netherlands Sells 11,000 Shares of Getty Realty Corp. (NYSE:GTY)

Pensionfund DSM Netherlands reduced its stake in Getty Realty Corp. (NYSE:GTY) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,000 shares of the real estate investment trust’s stock after selling 11,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Getty Realty were worth $1,416,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Getty Realty in the second quarter worth $29,000. Point72 Hong Kong Ltd bought a new position in shares of Getty Realty during the second quarter valued at about $30,000. GAMMA Investing LLC boosted its holdings in shares of Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 592 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Getty Realty by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 513 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Getty Realty by 45.8% in the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 683 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Down 0.1 %

Shares of GTY stock traded down $0.04 during trading hours on Monday, hitting $29.93. 63,158 shares of the company’s stock traded hands, compared to its average volume of 211,816. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. The stock’s fifty day simple moving average is $31.69 and its two-hundred day simple moving average is $30.86. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 25.58 and a beta of 0.93.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The company had revenue of $51.47 million for the quarter, compared to analysts’ expectations of $49.79 million. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, analysts expect that Getty Realty Corp. will post 2.23 EPS for the current year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.47 per share. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date is Thursday, December 26th. Getty Realty’s dividend payout ratio is presently 160.68%.

Analyst Ratings Changes

Several research analysts have commented on GTY shares. JPMorgan Chase & Co. upped their price objective on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. KeyCorp raised 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. Finally, Bank of America raised Getty Realty from a “neutral” rating to a “buy” rating and upped their price target for the stock from $31.00 to $34.00 in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.75.

Getty Realty Company Profile