Getty Realty Corp. (NYSE:GTY) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC decreased its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,489 shares of the real estate investment trust’s stock after selling 29,441 shares during the quarter. Legato Capital Management LLC owned approximately 0.08% of Getty Realty worth $1,401,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GTY. State Street Corp raised its position in shares of Getty Realty by 4.6% during the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock worth $126,411,000 after purchasing an additional 172,631 shares during the period. Geode Capital Management LLC grew its stake in Getty Realty by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock worth $40,713,000 after buying an additional 16,252 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Getty Realty by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust’s stock worth $24,727,000 after buying an additional 11,742 shares during the period. Natixis Advisors LLC increased its position in Getty Realty by 38.1% in the third quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust’s stock worth $19,182,000 after buying an additional 166,345 shares during the period. Finally, Verition Fund Management LLC bought a new stake in Getty Realty in the third quarter valued at $10,119,000. Institutional investors own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Getty Realty Price Performance

Shares of NYSE GTY opened at $30.07 on Thursday. The stock has a market cap of $1.65 billion, a P/E ratio of 25.70 and a beta of 0.93. The firm’s 50-day simple moving average is $30.82 and its 200 day simple moving average is $31.33. Getty Realty Corp. has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.29. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. Equities analysts expect that Getty Realty Corp. will post 2.23 EPS for the current year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s payout ratio is currently 160.68%.

Getty Realty Company Profile