Getty Realty Corporation $GTY Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in shares of Getty Realty Corporation (NYSE:GTY) by 69.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,004 shares of the real estate investment trust’s stock after selling 42,471 shares during the quarter. Quantbot Technologies LP’s holdings in Getty Realty were worth $510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Getty Realty by 0.6% in the third quarter. Vanguard Group Inc. now owns 8,386,280 shares of the real estate investment trust’s stock valued at $225,004,000 after acquiring an additional 51,602 shares during the period. State Street Corp raised its position in Getty Realty by 3.3% in the 2nd quarter. State Street Corp now owns 3,858,470 shares of the real estate investment trust’s stock valued at $108,315,000 after purchasing an additional 124,350 shares during the last quarter. Geode Capital Management LLC raised its position in Getty Realty by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,418,927 shares of the real estate investment trust’s stock valued at $39,224,000 after purchasing an additional 44,766 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Getty Realty by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 581,766 shares of the real estate investment trust’s stock worth $16,080,000 after purchasing an additional 18,426 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in Getty Realty by 58.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 527,290 shares of the real estate investment trust’s stock worth $14,574,000 after purchasing an additional 193,851 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Price Performance

GTY opened at $32.99 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market capitalization of $1.97 billion, a PE ratio of 24.62, a P/E/G ratio of 2.45 and a beta of 0.82. Getty Realty Corporation has a 1 year low of $25.39 and a 1 year high of $34.02. The company’s 50 day simple moving average is $30.46 and its 200 day simple moving average is $28.72.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $60.55 million during the quarter, compared to the consensus estimate of $55.94 million. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts expect that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, March 26th. Getty Realty’s payout ratio is presently 144.78%.

Wall Street Analyst Weigh In

Several brokerages have commented on GTY. Royal Bank Of Canada lifted their price target on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.60.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.