First Manhattan Co. lessened its stake in shares of Getty Realty Corp. (NYSE:GTY) by 19.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,100 shares of the real estate investment trust’s stock after selling 500 shares during the period. First Manhattan Co.’s holdings in Getty Realty were worth $67,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in GTY. BlackRock Inc. boosted its holdings in shares of Getty Realty by 2.8% in the 4th quarter. BlackRock Inc. now owns 5,835,318 shares of the real estate investment trust’s stock valued at $171,617,000 after acquiring an additional 159,033 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Getty Realty by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 539,153 shares of the real estate investment trust’s stock valued at $15,857,000 after acquiring an additional 3,928 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Getty Realty by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 531,365 shares of the real estate investment trust’s stock valued at $15,628,000 after acquiring an additional 21,596 shares during the last quarter. Norges Bank purchased a new stake in shares of Getty Realty in the 4th quarter valued at $11,136,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Getty Realty by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 360,111 shares of the real estate investment trust’s stock valued at $10,590,000 after acquiring an additional 26,529 shares during the last quarter. 65.61% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research downgraded shares of Getty Realty from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $30.75.
Getty Realty (NYSE:GTY) last released its quarterly earnings data on Tuesday, February 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.16). The business had revenue of $29.45 million during the quarter, compared to analysts’ expectations of $30.05 million. Getty Realty had a net margin of 35.05% and a return on equity of 8.52%. On average, research analysts expect that Getty Realty Corp. will post 1.79 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend was Wednesday, March 20th. Getty Realty’s dividend payout ratio (DPR) is currently 81.87%.
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