Aperio Group LLC Has $1.07 Million Position in Getty Realty Corporation (GTY)
Aperio Group LLC boosted its position in shares of Getty Realty Corporation (NYSE:GTY) by 11.1% during the second quarter, Holdings Channel reports. The institutional investor owned 42,440 shares of the real estate investment trust’s stock after buying an additional 4,232 shares during the period. Aperio Group LLC’s holdings in Getty Realty Corporation were worth $1,065,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Getty Realty Corporation by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,573,925 shares of the real estate investment trust’s stock worth $115,582,000 after buying an additional 103,383 shares in the last quarter. BlackRock Inc. raised its stake in Getty Realty Corporation by 10,055.3% in the first quarter. BlackRock Inc. now owns 3,960,359 shares of the real estate investment trust’s stock worth $100,077,000 after buying an additional 3,921,361 shares in the last quarter. LSV Asset Management raised its stake in Getty Realty Corporation by 3.2% in the first quarter. LSV Asset Management now owns 1,271,755 shares of the real estate investment trust’s stock worth $32,137,000 after buying an additional 38,982 shares in the last quarter. Renaissance Technologies LLC raised its stake in Getty Realty Corporation by 15.8% in the first quarter. Renaissance Technologies LLC now owns 988,712 shares of the real estate investment trust’s stock worth $24,985,000 after buying an additional 134,700 shares in the last quarter. Finally, State Street Corp raised its stake in Getty Realty Corporation by 12.6% in the first quarter. State Street Corp now owns 741,839 shares of the real estate investment trust’s stock worth $18,747,000 after buying an additional 82,766 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.
Shares of Getty Realty Corporation (GTY) traded up 1.25% during mid-day trading on Wednesday, hitting $26.67. 58,254 shares of the stock were exchanged. The stock has a 50-day moving average price of $25.07 and a 200 day moving average price of $25.50. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 22.06 and a beta of 0.54. Getty Realty Corporation has a 52-week low of $21.71 and a 52-week high of $26.71.
Getty Realty Corporation (NYSE:GTY) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Getty Realty Corporation had a net margin of 36.50% and a return on equity of 10.28%. The firm had revenue of $24.83 million for the quarter, compared to the consensus estimate of $25.20 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Getty Realty Corporation will post $1.26 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.12 annualized dividend and a dividend yield of 4.25%. Getty Realty Corporation’s dividend payout ratio (DPR) is currently 92.56%.
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GTY has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Getty Realty Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. ValuEngine lowered shares of Getty Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. BidaskClub upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Canaccord Genuity initiated coverage on shares of Getty Realty Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $32.00 price target for the company. One 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 presently has a consensus rating of “Buy” and a consensus price target 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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