UBS Group AG Sells 3,982 Shares of Getty Realty Corp. (GTY)

UBS Group AG trimmed its holdings in Getty Realty Corp. (NYSE:GTY) by 46.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,614 shares of the real estate investment trust’s stock after selling 3,982 shares during the period. UBS Group AG’s holdings in Getty Realty were worth $117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank raised its position in shares of Getty Realty by 4.3% in the first quarter. Swiss National Bank now owns 58,509 shares of the real estate investment trust’s stock valued at $1,476,000 after buying an additional 2,400 shares during the last quarter. Rhumbline Advisers raised its position in shares of Getty Realty by 3.3% in the first quarter. Rhumbline Advisers now owns 83,388 shares of the real estate investment trust’s stock valued at $2,103,000 after buying an additional 2,640 shares during the last quarter. 6 Meridian raised its position in shares of Getty Realty by 12.2% in the first quarter. 6 Meridian now owns 25,694 shares of the real estate investment trust’s stock valued at $648,000 after buying an additional 2,804 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Getty Realty in the first quarter valued at about $111,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Getty Realty by 3.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 164,534 shares of the real estate investment trust’s stock valued at $4,150,000 after buying an additional 5,133 shares during the last quarter. Institutional investors and hedge funds own 63.21% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. ValuEngine cut shares of Getty Realty from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Bank of America increased their target price on shares of Getty Realty from $28.50 to $30.00 and gave the company a “buy” rating in a research report on Monday, July 16th. BTIG Research assumed coverage on shares of Getty Realty in a research report on Tuesday, July 24th. They issued a “buy” rating and a $31.00 target price for the company. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Getty Realty in a research report on Friday, June 1st. They issued a “buy” rating and a $30.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $30.75.

Getty Realty stock opened at $29.06 on Thursday. Getty Realty Corp. has a 12-month low of $22.68 and a 12-month high of $29.89. The stock has a market cap of $1.16 billion, a P/E ratio of 17.51, a PEG ratio of 9.33 and a beta of 0.51. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.73.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Getty Realty had a net margin of 35.39% and a return on equity of 8.43%. The firm had revenue of $29.02 million during the quarter, compared to analysts’ expectations of $28.99 million. equities research analysts predict that Getty Realty Corp. will post 1.8 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Thursday, September 20th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.40%. The ex-dividend date is Wednesday, September 19th. Getty Realty’s payout ratio is currently 77.11%.

About Getty Realty

Read More: How are Outstanding Shares Different from Authorized Shares?

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

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