Renaissance Technologies LLC Sells 70,500 Shares of Getty Realty Corp. (NYSE:GTY)

Renaissance Technologies LLC cut its holdings in Getty Realty Corp. (NYSE:GTYGet Rating) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,324,912 shares of the real estate investment trust’s stock after selling 70,500 shares during the period. Renaissance Technologies LLC’s holdings in Getty Realty were worth $42,516,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Brown Advisory Inc. grew its holdings in shares of Getty Realty by 0.6% in the fourth quarter. Brown Advisory Inc. now owns 908,649 shares of the real estate investment trust’s stock valued at $29,158,000 after acquiring an additional 5,110 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Getty Realty by 11.2% in the fourth quarter. JPMorgan Chase & Co. now owns 666,820 shares of the real estate investment trust’s stock valued at $21,398,000 after acquiring an additional 67,336 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Getty Realty by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 645,142 shares of the real estate investment trust’s stock valued at $18,910,000 after acquiring an additional 19,870 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Getty Realty by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,725 shares of the real estate investment trust’s stock valued at $19,760,000 after acquiring an additional 1,968 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Getty Realty by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 590,314 shares of the real estate investment trust’s stock valued at $17,303,000 after purchasing an additional 9,599 shares during the period. 71.77% of the stock is owned by institutional investors.

Getty Realty stock opened at $26.57 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.91 and a quick ratio of 2.91. Getty Realty Corp. has a one year low of $24.66 and a one year high of $34.21. The firm has a market capitalization of $1.24 billion, a P/E ratio of 19.68, a PEG ratio of 2.29 and a beta of 0.85. The business has a fifty day moving average price of $27.73 and a 200-day moving average price of $29.39.

Getty Realty (NYSE:GTYGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). Getty Realty had a return on equity of 8.85% and a net margin of 40.45%. The business had revenue of $38.98 million during the quarter, compared to analysts’ expectations of $39.78 million. During the same quarter last year, the business posted $0.47 EPS. Sell-side analysts expect that Getty Realty Corp. will post 2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Thursday, June 23rd will be given a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, June 22nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.17%. Getty Realty’s dividend payout ratio (DPR) is presently 121.48%.

Several brokerages have weighed in on GTY. JMP Securities began coverage on Getty Realty in a report on Tuesday, May 10th. They set an “outperform” rating and a $32.00 price objective for the company. Zacks Investment Research raised Getty Realty from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday. Finally, StockNews.com raised Getty Realty from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Getty Realty presently has an average rating of “Buy” and a consensus price target of $31.80.

Getty Realty Company Profile (Get Rating)

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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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