Y Intercept Hong Kong Ltd Sells 28,835 Shares of Getty Realty Corporation $GTY

Y Intercept Hong Kong Ltd trimmed its position in shares of Getty Realty Corporation (NYSE:GTY) by 51.2% in the third quarter, Holdings Channel reports. The fund owned 27,494 shares of the real estate investment trust’s stock after selling 28,835 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Getty Realty were worth $738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of GTY. Ameritas Investment Partners Inc. grew its position in Getty Realty by 7.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,300 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 356 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Getty Realty by 1.2% during the third quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust’s stock worth $1,012,000 after purchasing an additional 450 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Getty Realty by 1.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 28,500 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 500 shares in the last quarter. Amalgamated Bank raised its stake in Getty Realty by 3.5% during the third quarter. Amalgamated Bank now owns 15,015 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 503 shares in the last quarter. Finally, Marathon Capital Management increased its position in shares of Getty Realty by 3.5% during the 2nd quarter. Marathon Capital Management now owns 15,590 shares of the real estate investment trust’s stock worth $431,000 after purchasing an additional 525 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Analysts Set New Price Targets

GTY has been the subject of several recent analyst reports. Janney Montgomery Scott assumed coverage on shares of Getty Realty in a report on Thursday, October 16th. They set a “buy” rating and a $30.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.25.

Getty Realty Trading Down 0.6%

Shares of NYSE GTY opened at $29.68 on Tuesday. The company’s 50 day simple moving average is $28.56 and its 200 day simple moving average is $28.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $1.71 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.75 and a beta of 0.84. Getty Realty Corporation has a fifty-two week low of $25.39 and a fifty-two week high of $32.17.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.