Getty Realty Corp. (NYSE:GTY) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its stake in shares of Getty Realty Corp. (NYSE:GTY) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,262 shares of the real estate investment trust’s stock after selling 11,220 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Getty Realty were worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Getty Realty in the fourth quarter worth $136,000. GAMMA Investing LLC lifted its position in Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 592 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Getty Realty by 2.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 207,173 shares of the real estate investment trust’s stock valued at $6,590,000 after purchasing an additional 4,243 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Getty Realty in the 3rd quarter worth about $140,000. Finally, Geode Capital Management LLC increased its stake in shares of Getty Realty by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock valued at $40,713,000 after purchasing an additional 16,252 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Up 0.8 %

Shares of GTY stock opened at $30.59 on Friday. Getty Realty Corp. has a 1 year low of $25.70 and a 1 year high of $33.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44. The business’s fifty day moving average is $31.23 and its 200-day moving average is $31.24. The stock has a market cap of $1.68 billion, a PE ratio of 26.14 and a beta of 0.93.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.28). The business had revenue of $51.47 million for the quarter, compared to analyst estimates of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same period in the prior year, the company earned $0.57 earnings per share. Equities analysts expect that Getty Realty Corp. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTY has been the subject of several analyst reports. JMP Securities reiterated a “market outperform” rating and set a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. Bank of America upgraded Getty Realty from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $34.00 in a research report on Monday, October 21st. Finally, KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target on the stock in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Getty Realty Company Profile