NFJ Investment Group LLC Lowers Stock Holdings in Getty Realty Corp. (NYSE:GTY)

NFJ Investment Group LLC cut its stake in shares of Getty Realty Corp. (NYSE:GTY) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 286,281 shares of the real estate investment trust’s stock after selling 3,921 shares during the period. NFJ Investment Group LLC owned approximately 0.52% of Getty Realty worth $8,626,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

GTY has been the subject of a number of recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target for the company in a report on Tuesday, December 17th. Finally, UBS Group started coverage on shares of Getty Realty in a research note on Friday, March 28th. They set a “neutral” rating and a $32.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.60.

Getty Realty Stock Performance

NYSE:GTY opened at $28.62 on Wednesday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.58 billion, a P/E ratio of 22.72 and a beta of 0.85. The firm has a 50-day moving average price of $30.26 and a two-hundred day moving average price of $30.98. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. As a group, research analysts expect that Getty Realty Corp. will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend was Thursday, March 27th. Getty Realty’s payout ratio is currently 149.21%.

About Getty Realty