New York State Teachers Retirement System continued to hold its position in shares of Getty Realty Corporation (NYSE:GTY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,009 shares of the real estate investment trust’s stock at the end of the first quarter. New York State Teachers Retirement System owned about 0.13% of Getty Realty Corporation worth $1,163,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of GTY. Mason Street Advisors LLC increased its position in Getty Realty Corporation by 9.0% in the first quarter. Mason Street Advisors LLC now owns 6,306 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 521 shares during the period. Credit Agricole S A increased its position in Getty Realty Corporation by 59.0% in the first quarter. Credit Agricole S A now owns 7,428 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 2,756 shares during the period. Envestnet Asset Management Inc. increased its position in Getty Realty Corporation by 22.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 8,840 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 1,597 shares during the period. Sapphire Star Partners LP increased its position in Getty Realty Corporation by 13.4% in the first quarter. Sapphire Star Partners LP now owns 9,090 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 1,077 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Getty Realty Corporation by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 10,963 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 300 shares during the period. 51.72% of the stock is currently owned by hedge funds and other institutional investors.
Getty Realty Corporation (NYSE:GTY) traded up 1.03% during trading on Wednesday, reaching $26.61. The company’s stock had a trading volume of 202,237 shares. Getty Realty Corporation has a one year low of $21.71 and a one year high of $26.74. The stock has a 50-day moving average of $25.07 and a 200 day moving average of $25.50. The firm has a market capitalization of $1.05 billion, a P/E ratio of 22.01 and a beta of 0.54.
Getty Realty Corporation (NYSE:GTY) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Getty Realty Corporation had a return on equity of 10.28% and a net margin of 36.50%. The business had revenue of $24.83 million during the quarter, compared to analysts’ expectations of $25.20 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Getty Realty Corporation will post $1.26 EPS for the current fiscal year.
The company also recently announced 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. The ex-dividend date is Wednesday, September 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.21%. Getty Realty Corporation’s payout ratio is currently 92.56%.
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Several research analysts have recently commented on the company. Canaccord Genuity began coverage on Getty Realty Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $32.00 price objective on the stock. BidaskClub raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded Getty Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Finally, ValuEngine raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. 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 stock. The stock currently has a consensus rating of “Buy” and an average target price of $27.00.
About Getty Realty Corporation
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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