Getty Realty Corporation (GTY) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC raised its stake in shares of Getty Realty Corporation (NYSE:GTY) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,316 shares of the real estate investment trust’s stock after buying an additional 3,617 shares during the period. Teachers Advisors LLC owned approximately 0.13% of Getty Realty Corporation worth $1,238,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Getty Realty Corporation by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,573,925 shares of the real estate investment trust’s stock valued at $115,582,000 after buying an additional 103,383 shares during the period. BlackRock Inc. increased its stake in Getty Realty Corporation by 10,055.3% during the 1st quarter. BlackRock Inc. now owns 3,960,359 shares of the real estate investment trust’s stock valued at $100,077,000 after buying an additional 3,921,361 shares during the period. Renaissance Technologies LLC increased its stake in Getty Realty Corporation by 15.8% during the 1st quarter. Renaissance Technologies LLC now owns 988,712 shares of the real estate investment trust’s stock valued at $24,985,000 after buying an additional 134,700 shares during the period. State Street Corp increased its stake in Getty Realty Corporation by 12.6% during the 1st quarter. State Street Corp now owns 741,839 shares of the real estate investment trust’s stock valued at $18,747,000 after buying an additional 82,766 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Getty Realty Corporation by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 674,353 shares of the real estate investment trust’s stock valued at $16,927,000 after buying an additional 30,051 shares during the period. 50.77% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on GTY. Zacks Investment Research raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, October 17th. Bank of America Corporation began coverage on shares of Getty Realty Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $30.00 target price on the stock. ValuEngine raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Canaccord Genuity began coverage on shares of Getty Realty Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Getty Realty Corporation presently has a consensus rating of “Buy” and an average target price of $28.75.

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Getty Realty Corporation (NYSE GTY) opened at 28.15 on Tuesday. Getty Realty Corporation has a 52 week low of $21.71 and a 52 week high of $29.89. The stock has a 50 day moving average of $28.89 and a 200 day moving average of $26.54. The firm has a market cap of $1.11 billion, a PE ratio of 23.28 and a beta of 0.55.

Getty Realty Corporation (NYSE:GTY) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.21). Getty Realty Corporation had a net margin of 36.66% and a return on equity of 9.62%. The business had revenue of $29.50 million for the quarter, compared to analyst estimates of $27.35 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts anticipate that Getty Realty Corporation will post $1.30 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, December 20th. This is an increase from Getty Realty Corporation’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a yield of 4.55%. Getty Realty Corporation’s dividend payout ratio is presently 94.12%.

Getty Realty Corporation Profile

Getty Realty Corp. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties. As of June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.

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

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