Getty Realty Corp. (NYSE:GTY) Short Interest Update

Getty Realty Corp. (NYSE:GTY) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 1,910,000 shares, a growth of 7.9% from the January 31st total of 1,770,000 shares. Based on an average daily volume of 370,700 shares, the days-to-cover ratio is presently 5.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GTY. BlackRock Inc. boosted its holdings in Getty Realty by 13.9% in the 2nd quarter. BlackRock Inc. now owns 8,302,756 shares of the real estate investment trust’s stock valued at $280,799,000 after purchasing an additional 1,010,932 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Getty Realty by 34.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,718,000 shares of the real estate investment trust’s stock valued at $133,960,000 after buying an additional 951,649 shares during the last quarter. State Street Corp raised its position in shares of Getty Realty by 23.0% during the first quarter. State Street Corp now owns 3,424,150 shares of the real estate investment trust’s stock valued at $124,802,000 after buying an additional 639,883 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Getty Realty by 320.9% during the first quarter. Envestnet Asset Management Inc. now owns 544,680 shares of the real estate investment trust’s stock valued at $5,534,000 after buying an additional 415,272 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Getty Realty during the fourth quarter valued at about $12,017,000. 83.55% of the stock is owned by institutional investors.

Getty Realty Stock Up 0.6 %

Shares of GTY traded up $0.15 during trading hours on Wednesday, hitting $27.08. 59,433 shares of the company were exchanged, compared to its average volume of 278,005. The company has a market cap of $1.46 billion, a PE ratio of 23.42, a PEG ratio of 6.26 and a beta of 0.89. The firm’s 50 day moving average is $27.79 and its 200-day moving average is $28.40. Getty Realty has a 52 week low of $25.90 and a 52 week high of $36.45. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.73 and a current ratio of 3.73.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend is Wednesday, March 27th. Getty Realty’s dividend payout ratio (DPR) is currently 156.52%.

Analyst Upgrades and Downgrades

GTY has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Getty Realty from $33.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 8th. StockNews.com downgraded Getty Realty from a “hold” rating to a “sell” rating in a research note on Sunday.

About Getty Realty