Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Getty Realty Corp. (NYSE:GTY) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 18,875 shares of the real estate investment trust’s stock, valued at approximately $532,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. purchased a new position in Getty Realty in the first quarter worth $103,000. GW&K Investment Management LLC purchased a new position in Getty Realty in the first quarter worth $230,000. Dimensional Fund Advisors LP grew its position in Getty Realty by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 479,600 shares of the real estate investment trust’s stock worth $12,096,000 after acquiring an additional 11,586 shares in the last quarter. LSV Asset Management grew its position in Getty Realty by 38.2% in the first quarter. LSV Asset Management now owns 1,478,330 shares of the real estate investment trust’s stock worth $37,283,000 after acquiring an additional 408,379 shares in the last quarter. Finally, Swiss National Bank grew its position in Getty Realty by 4.3% in the first quarter. Swiss National Bank now owns 58,509 shares of the real estate investment trust’s stock worth $1,476,000 after acquiring an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 63.21% of the company’s stock.

NYSE GTY opened at $29.25 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.73. Getty Realty Corp. has a 12-month low of $22.68 and a 12-month high of $29.89. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 9.33 and a beta of 0.51.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. Getty Realty had a net margin of 35.39% and a return on equity of 8.43%. The business had revenue of $29.02 million during the quarter, compared to analyst estimates of $28.99 million. sell-side analysts predict that Getty Realty Corp. will post 1.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Shareholders of record on Thursday, September 20th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $1.28 annualized dividend and a yield of 4.38%. Getty Realty’s payout ratio is 77.11%.

GTY has been the subject of several research reports. BTIG Research initiated coverage on shares of Getty Realty in a research report on Tuesday, July 24th. They issued a “buy” rating and a $31.00 target price for the company. Bank of America upped their target price on shares of Getty Realty from $28.50 to $30.00 and gave the stock a “buy” rating in a research report on Monday, July 16th. Zacks Investment Research upgraded shares of Getty Realty from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, July 11th. ValuEngine upgraded shares of Getty Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Getty Realty in a research report on Friday, June 1st. They issued a “buy” rating and a $30.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.75.

About Getty Realty

Read More: Price to Earnings Ratio (PE)

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

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