Ghisallo Capital Management LLC Has $3.01 Million Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Ghisallo Capital Management LLC lowered its stake in Getty Realty Corp. (NYSE:GTY) by 60.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 100,000 shares of the real estate investment trust’s stock after selling 150,000 shares during the period. Ghisallo Capital Management LLC’s holdings in Getty Realty were worth $3,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GTY. Fifth Third Bancorp increased its position in shares of Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Getty Realty by 715.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,216 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Getty Realty by 66.2% during the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 592 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Getty Realty in the 4th quarter valued at approximately $45,000. Finally, Sterling Capital Management LLC increased its stake in Getty Realty by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,585 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,413 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Stock Performance

Shares of GTY stock opened at $27.36 on Friday. The firm has a market cap of $1.51 billion, a PE ratio of 21.71 and a beta of 0.85. Getty Realty Corp. has a 12 month low of $25.70 and a 12 month high of $33.85. The company’s fifty day simple moving average is $29.91 and its 200-day simple moving average is $30.82. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. The company had revenue of $52.33 million during the quarter, compared to analysts’ expectations of $52.71 million. Equities research analysts expect that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Thursday, June 26th. Getty Realty’s dividend payout ratio is currently 149.21%.

Wall Street Analyst Weigh In

GTY has been the subject of several research reports. JMP Securities reissued a “market outperform” rating and set a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. UBS Group initiated coverage on shares of Getty Realty in a research note on Friday, March 28th. They issued a “neutral” rating and a $32.00 target price for the company. Finally, Robert W. Baird dropped their price target on Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Getty Realty Profile