TIAA CREF Investment Management LLC cut its stake in shares of Getty Realty Corporation (NYSE:GTY) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,108 shares of the real estate investment trust’s stock after selling 3,349 shares during the period. TIAA CREF Investment Management LLC’s holdings in Getty Realty Corporation were worth $1,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Getty Realty Corporation during the fourth quarter valued at $6,707,000. Asset Management One Co. Ltd. increased its position in shares of Getty Realty Corporation by 4.5% in the first quarter. Asset Management One Co. Ltd. now owns 95,500 shares of the real estate investment trust’s stock valued at $2,409,000 after buying an additional 4,077 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Getty Realty Corporation by 8.6% in the first quarter. TD Asset Management Inc. now owns 107,312 shares of the real estate investment trust’s stock valued at $2,712,000 after buying an additional 8,500 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $9,457,000 after buying an additional 1,321 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Getty Realty Corporation by 98.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 95,462 shares of the real estate investment trust’s stock valued at $2,412,000 after buying an additional 47,258 shares during the last quarter. 51.94% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Corporation (NYSE:GTY) opened at 26.46 on Thursday. Getty Realty Corporation has a 1-year low of $21.71 and a 1-year high of $26.71. 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 21.89 and a beta of 0.54.

Getty Realty Corporation (NYSE:GTY) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. Getty Realty Corporation had a return on equity of 10.28% and a net margin of 36.50%. The firm had revenue of $24.83 million during the quarter, compared to analyst estimates of $25.20 million. During the same period last year, the company posted $0.42 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts forecast that Getty Realty Corporation will post $1.26 EPS for the current year.

The firm also recently disclosed 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. The ex-dividend date is Wednesday, September 20th. This represents a $1.12 dividend on an annualized basis and a yield of 4.23%. Getty Realty Corporation’s payout ratio is presently 92.56%.

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Several research analysts recently weighed in on GTY shares. Zacks Investment Research raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Friday, May 12th. ValuEngine raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Canaccord Genuity started coverage on shares of Getty Realty Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $27.00.

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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