Nisa Investment Advisors LLC Trims Stock Position in Getty Realty Corp. (NYSE:GTY)

Nisa Investment Advisors LLC lessened its holdings in Getty Realty Corp. (NYSE:GTY) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,461 shares of the real estate investment trust’s stock after selling 647 shares during the period. Nisa Investment Advisors LLC’s holdings in Getty Realty were worth $656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. IFP Advisors Inc purchased a new position in shares of Getty Realty during the second quarter valued at approximately $26,000. Natixis purchased a new position in shares of Getty Realty during the fourth quarter valued at approximately $42,000. Vestcor Inc purchased a new position in shares of Getty Realty during the second quarter valued at approximately $57,000. FMR LLC lifted its stake in shares of Getty Realty by 68.3% during the first quarter. FMR LLC now owns 1,703 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 691 shares during the period. Finally, Advisory Services Network LLC lifted its stake in shares of Getty Realty by 80.7% during the first quarter. Advisory Services Network LLC now owns 1,809 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 808 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

NYSE:GTY opened at $26.11 on Wednesday. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.41 billion, a P/E ratio of 22.70 and a beta of 0.89. Getty Realty Corp. has a fifty-two week low of $25.90 and a fifty-two week high of $35.56. The firm’s 50 day moving average is $26.94 and its two-hundred day moving average is $27.85.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The company had revenue of $45.62 million for the quarter, compared to analysts’ expectations of $47.19 million. Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. Analysts expect that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date was Wednesday, March 27th. Getty Realty’s dividend payout ratio is currently 156.52%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GTY shares. StockNews.com downgraded shares of Getty Realty from a “hold” rating to a “sell” rating in a research note on Saturday. JMP Securities reissued a “market outperform” rating and set a $33.00 price objective on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Profile