Winslow Evans & Crocker Inc. decreased its position in Getty Realty Corporation (NYSE:GTY) by 11.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,600 shares of the real estate investment trust’s stock after selling 600 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Getty Realty Corporation were worth $115,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Getty Realty Corporation during the fourth quarter worth approximately $1,002,000. Comerica Bank increased its position in shares of Getty Realty Corporation by 1.9% in the fourth quarter. Comerica Bank now owns 27,957 shares of the real estate investment trust’s stock worth $722,000 after buying an additional 512 shares during the last quarter. State Street Corp increased its position in shares of Getty Realty Corporation by 9.5% in the fourth quarter. State Street Corp now owns 659,073 shares of the real estate investment trust’s stock worth $16,802,000 after buying an additional 57,109 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Getty Realty Corporation by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 371,004 shares of the real estate investment trust’s stock worth $9,457,000 after buying an additional 1,321 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Getty Realty Corporation by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 46,009 shares of the real estate investment trust’s stock worth $1,173,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.
Shares of Getty Realty Corporation (NYSE GTY) opened at 26.29 on Friday. The stock has a market capitalization of $1.04 billion, a PE ratio of 21.75 and a beta of 0.54. The company has a 50-day moving average of $24.88 and a 200-day moving average of $25.49. Getty Realty Corporation has a 12 month low of $21.71 and a 12 month high of $26.71.
Getty Realty Corporation (NYSE:GTY) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $24.83 million during the quarter, compared to analyst estimates of $25.20 million. Getty Realty Corporation had a net margin of 36.50% and a return on equity of 10.28%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, equities research analysts expect that Getty Realty Corporation will post $1.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, September 20th. Getty Realty Corporation’s dividend payout ratio is currently 92.56%.
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GTY has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Getty Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. ValuEngine cut shares of Getty Realty Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Canaccord Genuity started coverage on shares of Getty Realty Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $32.00 price target for the company. Finally, BidaskClub raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $27.00.
Getty Realty Corporation Company 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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