Principal Financial Group Inc. trimmed its holdings in Getty Realty Corporation (NYSE:GTY) by 10.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,327 shares of the real estate investment trust’s stock after selling 22,911 shares during the quarter. Principal Financial Group Inc. owned about 0.52% of Getty Realty Corporation worth $5,154,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its position in Getty Realty Corporation by 78.9% during the 2nd 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 in the last quarter. Mason Street Advisors LLC grew its holdings in Getty Realty Corporation by 9.0% during the 1st quarter. Mason Street Advisors LLC now owns 6,306 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 521 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in Getty Realty Corporation by 6.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,368 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 370 shares during the last quarter. Credit Agricole S A grew its holdings in Getty Realty Corporation by 59.0% during the 1st quarter. Credit Agricole S A now owns 7,428 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 2,756 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Getty Realty Corporation in the 2nd quarter valued at about $268,000. 52.09% of the stock is owned by institutional investors and hedge funds.

Shares of Getty Realty Corporation (NYSE:GTY) opened at 28.82 on Tuesday. The company has a market cap of $1.14 billion, a P/E ratio of 23.84 and a beta of 0.55. The stock’s 50 day moving average price is $27.83 and its 200-day moving average price is $26.01. Getty Realty Corporation has a 52-week low of $21.71 and a 52-week high of $29.00.

Getty Realty Corporation (NYSE:GTY) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $24.83 million during the quarter, compared to the consensus estimate of $25.20 million. Getty Realty Corporation had a return on equity of 10.28% and a net margin of 36.50%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Equities analysts expect that Getty Realty Corporation will post $1.30 EPS for the current 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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Wednesday, September 20th. Getty Realty Corporation’s dividend payout ratio (DPR) is presently 92.56%.

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GTY has been the subject of a number of research analyst reports. Bank of America Corporation initiated coverage on shares of Getty Realty Corporation in a research note on Wednesday, September 6th. They issued a “buy” rating and a $30.00 target price for the company. ValuEngine upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Canaccord Genuity started 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 target on the stock. Finally, Zacks Investment Research cut shares of Getty Realty Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Getty Realty Corporation presently has a consensus rating of “Buy” and a consensus target price of $27.75.

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.

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

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