Robeco Institutional Asset Management B.V. Sells 66,599 Shares of Getty Realty Corp. (NYSE:GTY)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Getty Realty Corp. (NYSE:GTY) by 13.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,409 shares of the real estate investment trust’s stock after selling 66,599 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 1.06% of Getty Realty Corp. worth $11,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Getty Realty Corp. by 1.6% during the second quarter. Vanguard Group Inc. now owns 4,645,500 shares of the real estate investment trust’s stock worth $116,602,000 after buying an additional 71,575 shares in the last quarter. BlackRock Inc. grew its position in shares of Getty Realty Corp. by 1.3% during the second quarter. BlackRock Inc. now owns 4,012,218 shares of the real estate investment trust’s stock worth $100,709,000 after buying an additional 51,859 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Getty Realty Corp. by 14.9% during the second quarter. Renaissance Technologies LLC now owns 1,136,312 shares of the real estate investment trust’s stock worth $28,521,000 after buying an additional 147,600 shares in the last quarter. State Street Corp grew its position in shares of Getty Realty Corp. by 5.3% during the second quarter. State Street Corp now owns 781,361 shares of the real estate investment trust’s stock worth $19,613,000 after buying an additional 39,522 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Getty Realty Corp. by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 674,353 shares of the real estate investment trust’s stock worth $16,927,000 after buying an additional 30,051 shares in the last quarter. 50.56% of the stock is owned by institutional investors and hedge funds.

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A number of analysts have recently weighed in on GTY shares. Canaccord Genuity started coverage on shares of Getty Realty Corp. in a research report on Tuesday, July 18th. They set a “buy” rating and a $32.00 price target for the company. BidaskClub raised shares of Getty Realty Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. ValuEngine raised shares of Getty Realty Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Bank of America Corporation started coverage on shares of Getty Realty Corp. in a report on Wednesday, September 6th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Getty Realty Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $28.75.

Getty Realty Corp. (NYSE:GTY) remained flat at $$28.12 during trading on Friday. The company’s stock had a trading volume of 154,000 shares, compared to its average volume of 207,870. The stock has a market cap of $1,110.00, a price-to-earnings ratio of 15.71, a P/E/G ratio of 4.75 and a beta of 0.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.37 and a quick ratio of 1.37. Getty Realty Corp. has a twelve month low of $22.08 and a twelve month high of $29.89.

Getty Realty Corp. (NYSE:GTY) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.21). The business had revenue of $29.50 million during the quarter, compared to analyst estimates of $27.35 million. Getty Realty Corp. had a return on equity of 7.56% and a net margin of 32.10%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. equities analysts forecast that Getty Realty Corp. will post 2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.55%. This is a boost from Getty Realty Corp.’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, December 20th. Getty Realty Corp.’s dividend payout ratio (DPR) is presently 96.55%.

Getty Realty Corp. 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.

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

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