Legal & General Group Plc raised its position in shares of Getty Realty Corp. (NYSE:GTY) by 27.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,307 shares of the real estate investment trust’s stock after purchasing an additional 29,620 shares during the period. Legal & General Group Plc owned about 0.35% of Getty Realty worth $3,987,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Teachers Advisors LLC raised its position in shares of Getty Realty by 5.6% in the 1st quarter. Teachers Advisors LLC now owns 45,699 shares of the real estate investment trust’s stock worth $1,155,000 after acquiring an additional 2,425 shares in the last quarter. Russell Investments Group Ltd. increased its position in Getty Realty by 23.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 60,185 shares of the real estate investment trust’s stock valued at $1,511,000 after buying an additional 11,604 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Getty Realty by 6.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,368 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 370 shares in the last quarter. Texas Permanent School Fund increased its position in Getty Realty by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 19,709 shares of the real estate investment trust’s stock valued at $495,000 after buying an additional 184 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Getty Realty by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 125,508 shares of the real estate investment trust’s stock valued at $3,151,000 after buying an additional 8,687 shares in the last quarter. 61.16% of the stock is owned by institutional investors and hedge funds.
Shares of Getty Realty Corp. (GTY) traded down $0.04 during mid-day trading on Friday, reaching $25.54. The company’s stock had a trading volume of 83,591 shares, compared to its average volume of 164,206. The stock has a market capitalization of $1,013.22, a P/E ratio of 21.46, a P/E/G ratio of 5.84 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 52 week low of $22.91 and a 52 week high of $29.89.
Getty Realty (NYSE:GTY) last announced its earnings results 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). Getty Realty had a net margin of 36.66% and a return on equity of 9.62%. The firm had revenue of $29.50 million for the quarter, compared to analyst estimates of $27.35 million. During the same period in the previous year, the company earned $0.47 EPS. Getty Realty’s revenue was up 3.5% compared to the same quarter last year. equities research analysts anticipate that Getty Realty Corp. will post 1.95 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 21st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Wednesday, December 20th. This is a boost from Getty Realty’s previous quarterly dividend of $0.28. Getty Realty’s dividend payout ratio (DPR) is currently 107.56%.
Several analysts have weighed in on the company. KeyCorp assumed coverage on Getty Realty in a research note on Tuesday, December 12th. They set a “sector weight” rating on the stock. Zacks Investment Research downgraded Getty Realty from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Getty Realty has an average rating of “Buy” and a consensus price target of $28.75.
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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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