Meritage Portfolio Management Has $3.45 Million Holdings in Getty Realty Corp. (NYSE:GTY)

Meritage Portfolio Management reduced its position in shares of Getty Realty Corp. (NYSE:GTY) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,504 shares of the real estate investment trust’s stock after selling 7,898 shares during the quarter. Meritage Portfolio Management’s holdings in Getty Realty were worth $3,450,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. abrdn plc grew its stake in Getty Realty by 30.6% in the 4th quarter. abrdn plc now owns 12,692 shares of the real estate investment trust’s stock valued at $380,000 after buying an additional 2,975 shares during the last quarter. KBC Group NV increased its position in shares of Getty Realty by 42.4% in the fourth quarter. KBC Group NV now owns 3,097 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 922 shares during the period. Fifth Third Bancorp raised its position in shares of Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,210 shares in the last quarter. SG Americas Securities LLC bought a new stake in Getty Realty during the fourth quarter worth $136,000. Finally, GAMMA Investing LLC grew its position in Getty Realty by 66.2% in the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 592 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Trading Up 1.5 %

Shares of GTY stock opened at $31.41 on Thursday. Getty Realty Corp. has a 52-week low of $25.70 and a 52-week 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 company has a market capitalization of $1.73 billion, a PE ratio of 26.85 and a beta of 0.93. The business’s fifty day moving average is $30.96 and its 200 day moving average is $31.34.

Analyst Upgrades and Downgrades

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

Getty Realty Profile