Chatham Capital Group Inc. Sells 1,120 Shares of Getty Realty Corp. (NYSE:GTY)

Chatham Capital Group Inc. trimmed its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,673 shares of the real estate investment trust’s stock after selling 1,120 shares during the period. Chatham Capital Group Inc. owned about 0.10% of Getty Realty worth $1,738,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GTY. Fifth Third Bancorp raised its stake in shares of Getty Realty by 923.7% during the 4th 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 period. Smartleaf Asset Management LLC raised its stake in shares of Getty Realty by 715.3% during the 4th 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 raised its stake 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 worth $45,000 after purchasing an additional 592 shares during the period. KBC Group NV raised its stake in shares of Getty Realty by 45.8% during the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 683 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Getty Realty by 246.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,529 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 1,799 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Trading Down 0.2 %

Shares of GTY opened at $31.08 on Friday. The business’s 50-day moving average price is $30.57 and its 200-day moving average price is $31.37. Getty Realty Corp. has a twelve month low of $25.70 and a twelve month high of $33.85. The stock has a market cap of $1.71 billion, a PE ratio of 24.67 and a beta of 0.91. 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 results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. On average, equities analysts forecast that Getty Realty Corp. will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Thursday, March 27th. Getty Realty’s dividend payout ratio (DPR) is 149.21%.

Analysts Set New Price Targets

GTY has been the subject of several recent research reports. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a report on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Getty Realty has a consensus rating of “Moderate Buy” and an average target price of $34.00.

About Getty Realty