Getty Realty Corp. (NYSE:GTY) Shares Sold by Meritage Portfolio Management

Meritage Portfolio Management lowered its position in Getty Realty Corp. (NYSE:GTY) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,504 shares of the real estate investment trust’s stock after selling 7,898 shares during the quarter. Meritage Portfolio Management owned about 0.21% of Getty Realty worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in GTY. abrdn plc grew its holdings in shares of Getty Realty by 30.6% in the 4th quarter. abrdn plc now owns 12,692 shares of the real estate investment trust’s stock worth $380,000 after acquiring an additional 2,975 shares during the last quarter. KBC Group NV increased its holdings in 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 buying an additional 922 shares during the last quarter. Fifth Third Bancorp lifted its stake 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 purchasing an additional 1,210 shares during the last quarter. SG Americas Securities LLC bought a new stake in Getty Realty in the fourth quarter worth $136,000. Finally, GAMMA Investing LLC increased its position in Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 592 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Up 1.5 %

NYSE:GTY opened at $31.41 on Thursday. The stock’s fifty day moving average price is $30.96 and its two-hundred day moving average price is $31.34. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 26.85 and a beta of 0.93. 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.

Analysts Set New Price Targets

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

About Getty Realty