Brown Advisory Inc. Sells 18,710 Shares of Getty Realty Corp. (NYSE:GTY)

Brown Advisory Inc. reduced its stake in shares of Getty Realty Corp. (NYSE:GTY) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 773,535 shares of the real estate investment trust’s stock after selling 18,710 shares during the period. Brown Advisory Inc. owned approximately 1.41% of Getty Realty worth $23,307,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GTY. Vanguard Group Inc. raised its position in Getty Realty by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust’s stock valued at $236,937,000 after buying an additional 48,491 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Getty Realty by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust’s stock valued at $39,095,000 after purchasing an additional 17,618 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Getty Realty by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust’s stock worth $22,640,000 after purchasing an additional 10,552 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Getty Realty by 21.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust’s stock worth $21,824,000 after buying an additional 125,491 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Getty Realty by 23.5% during the 4th quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust’s stock worth $21,774,000 after purchasing an additional 137,427 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GTY shares. JMP Securities restated a “market outperform” rating and set a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. Robert W. Baird cut their price objective on Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Finally, UBS Group assumed coverage on Getty Realty in a report on Friday, March 28th. They set a “neutral” rating and a $32.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Getty Realty has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Getty Realty Trading Up 0.4 %

Shares of NYSE:GTY opened at $28.20 on Wednesday. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85. The business has a 50 day moving average of $29.53 and a 200-day moving average of $30.66. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1.56 billion, a PE ratio of 22.38 and a beta of 0.83.

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

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty’s dividend payout ratio (DPR) is 155.37%.

About Getty Realty