Geode Capital Management LLC raised its position in shares of Getty Realty Corporation (NYSE:GTY) by 2.8% during the first quarter, Holdings Channel reports. The fund owned 228,888 shares of the real estate investment trust’s stock after buying an additional 6,210 shares during the period. Geode Capital Management LLC’s holdings in Getty Realty Corporation were worth $5,783,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Getty Realty Corporation by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 371,004 shares of the real estate investment trust’s stock worth $9,457,000 after buying an additional 1,321 shares during the last quarter. Norges Bank acquired a new stake in Getty Realty Corporation during the fourth quarter worth approximately $6,707,000. UBS Asset Management Americas Inc. increased its stake in Getty Realty Corporation by 10.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 41,001 shares of the real estate investment trust’s stock worth $1,045,000 after buying an additional 4,039 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Getty Realty Corporation by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 10,963 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 300 shares during the last quarter. Finally, James Investment Research Inc. increased its stake in Getty Realty Corporation by 0.5% in the first quarter. James Investment Research Inc. now owns 56,450 shares of the real estate investment trust’s stock worth $1,426,000 after buying an additional 280 shares during the last quarter. Institutional investors own 51.94% of the company’s stock.

Shares of Getty Realty Corporation (GTY) opened at 26.49 on Thursday. The stock’s 50 day moving average is $24.93 and its 200-day moving average is $25.50. The firm has a market cap of $1.04 billion, a P/E ratio of 21.91 and a beta of 0.54. 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 data on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $24.83 million during the quarter, compared to analyst estimates of $25.20 million. Getty Realty Corporation had a net margin of 36.50% and a return on equity of 10.28%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 earnings per share. Analysts anticipate that Getty Realty Corporation will post $1.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Wednesday, September 20th. Getty Realty Corporation’s dividend payout ratio is presently 92.56%.

ILLEGAL ACTIVITY NOTICE: “Geode Capital Management LLC Acquires 6,210 Shares of Getty Realty Corporation (NYSE:GTY)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/geode-capital-management-llc-acquires-6210-shares-of-getty-realty-corporation-nysegty/1470538.html.

GTY has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Getty Realty Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. ValuEngine downgraded shares of Getty Realty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Canaccord Genuity began coverage on shares of Getty Realty Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $32.00 price target for the company. Finally, BidaskClub upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. 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. The stock presently has an average 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.