First Trust Advisors LP trimmed its stake in shares of Getty Realty Corporation (NYSE:GTY) by 82.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,093 shares of the real estate investment trust’s stock after selling 39,310 shares during the quarter. First Trust Advisors LP’s holdings in Getty Realty Corporation were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GTY. BlackRock Inc. boosted its stake in Getty Realty Corporation by 10,055.3% during the 1st quarter. BlackRock Inc. now owns 3,960,359 shares of the real estate investment trust’s stock valued at $100,077,000 after acquiring an additional 3,921,361 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Getty Realty Corporation by 27.8% during the 1st quarter. Bank of New York Mellon Corp now owns 644,302 shares of the real estate investment trust’s stock valued at $16,282,000 after acquiring an additional 140,190 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Getty Realty Corporation by 15.8% during the 1st quarter. Renaissance Technologies LLC now owns 988,712 shares of the real estate investment trust’s stock valued at $24,985,000 after acquiring an additional 134,700 shares during the last quarter. Vanguard Group Inc. boosted its stake in Getty Realty Corporation by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,573,925 shares of the real estate investment trust’s stock valued at $115,582,000 after acquiring an additional 103,383 shares during the last quarter. Finally, State Street Corp boosted its stake in Getty Realty Corporation by 12.6% during the 1st quarter. State Street Corp now owns 741,839 shares of the real estate investment trust’s stock valued at $18,747,000 after acquiring an additional 82,766 shares during the last quarter. Hedge funds and other institutional investors own 52.09% of the company’s stock.

A number of research firms have commented on GTY. BidaskClub upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Canaccord Genuity began coverage on shares of Getty Realty Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $32.00 price objective on the stock. Zacks Investment Research upgraded shares of Getty Realty Corporation from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research note on Friday, June 30th. ValuEngine upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Bank of America Corporation assumed coverage on shares of Getty Realty Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Getty Realty Corporation presently has an average rating of “Buy” and an average target price of $27.75.

Shares of Getty Realty Corporation (NYSE:GTY) opened at 28.61 on Friday. Getty Realty Corporation has a one year low of $21.71 and a one year high of $29.00. The firm’s 50 day moving average is $27.20 and its 200-day moving average is $25.77. The firm has a market capitalization of $1.13 billion, a PE ratio of 23.66 and a beta of 0.54.

Getty Realty Corporation (NYSE:GTY) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the Zacks’ 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 previous year, the company earned $0.42 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Getty Realty Corporation will post $1.30 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 20th. This represents a $1.12 dividend on an annualized basis and a yield of 3.91%. Getty Realty Corporation’s dividend payout ratio is currently 92.56%.

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About Getty Realty Corporation

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

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