Bessemer Group Inc. boosted its position in Getty Realty Corporation (NYSE:GTY) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,449 shares of the real estate investment trust’s stock after buying an additional 749 shares during the period. Bessemer Group Inc.’s holdings in Getty Realty Corporation were worth $1,417,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in Getty Realty Corporation by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 5,330 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 2,350 shares during the last quarter. Mason Street Advisors LLC increased its stake 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 worth $159,000 after buying an additional 521 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Getty Realty Corporation by 6.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,368 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 370 shares during the last quarter. Credit Agricole S A boosted its position in shares of 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 worth $188,000 after buying an additional 2,756 shares during the period. Finally, Sapphire Star Partners LP boosted its position in shares of 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 worth $230,000 after buying an additional 1,077 shares during the period. 51.94% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Corporation (NYSE:GTY) opened at 25.86 on Friday. The stock has a market cap of $1.02 billion, a PE ratio of 21.39 and a beta of 0.54. The stock has a 50 day moving average price of $24.99 and a 200-day moving average price of $25.51. Getty Realty Corporation has a one year low of $21.71 and a one year high of $26.71.

Getty Realty Corporation (NYSE:GTY) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $24.83 million during the quarter, compared to analysts’ expectations of $25.20 million. During the same quarter last year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts expect that Getty Realty Corporation will post $1.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.12 annualized dividend and a dividend yield of 4.33%. Getty Realty Corporation’s dividend payout ratio is presently 92.56%.

TRADEMARK VIOLATION WARNING: “Bessemer Group Inc. Increases Stake in Getty Realty Corporation (GTY)” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/bessemer-group-inc-increases-stake-in-getty-realty-corporation-gty/1480665.html.

A number of equities analysts have recently commented on the company. BidaskClub upgraded Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Canaccord Genuity assumed coverage on Getty Realty Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $32.00 target price for the company. Zacks Investment Research upgraded Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Monday, May 22nd. Finally, ValuEngine cut Getty Realty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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.

Want to see what other hedge funds are holding GTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Getty Realty Corporation (NYSE:GTY).

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

Receive News & Ratings for Getty Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Realty Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.