Rhumbline Advisers raised its holdings in Getty Realty Corp. (NYSE:GTY) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,721 shares of the real estate investment trust’s stock after buying an additional 7,768 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Getty Realty worth $1,937,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Getty Realty by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,645,500 shares of the real estate investment trust’s stock valued at $116,602,000 after purchasing an additional 71,575 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Getty Realty by 1.3% in the 2nd quarter. BlackRock Inc. now owns 4,012,218 shares of the real estate investment trust’s stock valued at $100,709,000 after purchasing an additional 51,859 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Getty Realty by 14.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,136,312 shares of the real estate investment trust’s stock valued at $28,521,000 after purchasing an additional 147,600 shares in the last quarter. State Street Corp lifted its stake in shares of Getty Realty by 5.3% in the 2nd quarter. State Street Corp now owns 781,361 shares of the real estate investment trust’s stock valued at $19,613,000 after purchasing an additional 39,522 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Getty Realty by 4.7% in 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 purchasing an additional 30,051 shares in the last quarter. Institutional investors own 61.50% of the company’s stock.
Several equities analysts have recently weighed in on the company. KeyCorp started coverage on Getty Realty in a research note on Tuesday. They issued a “sector weight” rating on the stock. Zacks Investment Research raised Getty Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, November 28th. Bank of America started coverage on Getty Realty in a research report on Wednesday, September 6th. They set a “buy” rating and a $30.00 price target on the stock. Finally, ValuEngine raised Getty Realty from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. 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 stock. Getty Realty has a consensus rating of “Buy” and a consensus price target of $28.75.
Getty Realty Corp. (GTY) traded up $0.08 during trading on Tuesday, reaching $28.10. The company had a trading volume of 128,200 shares, compared to its average volume of 201,827. The firm has a market cap of $1,109.87, a price-to-earnings ratio of 15.65, a PEG ratio of 6.10 and a beta of 0.54. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.58. Getty Realty Corp. has a 12-month low of $22.91 and a 12-month high of $29.89.
Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.21). The company had revenue of $29.50 million for the quarter, compared to analyst estimates of $27.35 million. Getty Realty had a return on equity of 9.62% and a net margin of 36.66%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. sell-side analysts anticipate that Getty Realty Corp. will post 1.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors 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 a positive change from Getty Realty’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 4.56%. Getty Realty’s payout ratio is 94.12%.
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Getty Realty 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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