State of Alaska Department of Revenue raised its holdings in shares of Getty Realty Corp. (NYSE:GTY) by 99.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 21,373 shares of the real estate investment trust’s stock after purchasing an additional 10,673 shares during the period. State of Alaska Department of Revenue’s holdings in Getty Realty were worth $610,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GTY. BlackRock Inc. increased its holdings in Getty Realty by 7.7% during the 2nd quarter. BlackRock Inc. now owns 5,432,285 shares of the real estate investment trust’s stock valued at $153,029,000 after acquiring an additional 388,343 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Getty Realty by 31.7% during the second quarter. Northern Trust Corp now owns 816,768 shares of the real estate investment trust’s stock worth $23,010,000 after buying an additional 196,695 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Getty Realty by 9.0% during the second quarter. Renaissance Technologies LLC now owns 2,261,586 shares of the real estate investment trust’s stock worth $63,709,000 after buying an additional 187,574 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of Getty Realty by 97.4% during the second quarter. TD Asset Management Inc. now owns 206,312 shares of the real estate investment trust’s stock worth $5,812,000 after buying an additional 101,800 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Getty Realty during the first quarter worth about $1,351,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Shares of NYSE GTY opened at $27.11 on Tuesday. The stock has a market cap of $1.10 billion, a PE ratio of 16.07, a PEG ratio of 8.73 and a beta of 0.39. Getty Realty Corp. has a 12 month low of $22.68 and a 12 month high of $29.66. 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 (NYSE:GTY) last issued its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $29.02 million during the quarter, compared to the consensus estimate of $28.99 million. Getty Realty had a net margin of 35.39% and a return on equity of 8.43%. On average, research analysts predict that Getty Realty Corp. will post 1.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Thursday, September 20th were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, September 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.72%. Getty Realty’s dividend payout ratio (DPR) is presently 77.11%.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Getty Realty from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. ValuEngine upgraded shares of Getty Realty from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. BTIG Research assumed coverage on shares of Getty Realty in a report on Tuesday, July 24th. They set a “buy” rating and a $31.00 price target for the company. Finally, Bank of America lifted their price target on shares of Getty Realty from $28.50 to $30.00 and gave the stock a “buy” rating in a report on Monday, July 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $30.75.

Getty Realty Profile

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

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