Teachers Insurance & Annuity Association of America maintained its position in shares of Getty Realty Corporation (NYSE:GTY) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 27,304 shares of the real estate investment trust’s stock at the end of the second quarter. Teachers Insurance & Annuity Association of America owned 0.07% of Getty Realty Corporation worth $685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in shares of 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 purchasing an additional 2,350 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of 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 purchasing an additional 521 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of 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 purchasing an additional 370 shares during the last quarter. Credit Agricole S A raised its position in shares of 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 purchasing an additional 2,756 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Getty Realty Corporation during the 2nd quarter worth about $268,000. Hedge funds and other institutional investors own 52.09% of the company’s stock.

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Getty Realty Corporation (GTY) opened at 28.59 on Thursday. The company’s 50 day moving average is $27.20 and its 200 day moving average is $25.77. The firm has a market cap of $1.13 billion, a P/E ratio of 23.65 and a beta of 0.54. 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 released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $24.83 million for the quarter, compared to the consensus estimate of $25.20 million. Getty Realty Corporation had a net margin of 36.50% and a return on equity of 10.28%. The firm’s 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 research analysts forecast that Getty Realty Corporation will post $1.30 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, September 20th. Getty Realty Corporation’s payout ratio is currently 92.56%.

GTY has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Getty Realty Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. ValuEngine upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Canaccord Genuity initiated coverage on shares of Getty Realty Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $32.00 price target for the company. BidaskClub upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Bank of America Corporation initiated coverage on shares of Getty Realty Corporation in a research report on Wednesday, September 6th. They set a “buy” rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $27.75.

Getty Realty Corporation 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.

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

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