Legal & General Group Plc increased its stake in shares of Getty Realty Corporation (NYSE:GTY) by 9.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,370 shares of the real estate investment trust’s stock after buying an additional 9,404 shares during the period. Legal & General Group Plc owned approximately 0.30% of Getty Realty Corporation worth $2,637,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System increased its position in Getty Realty Corporation by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 46,009 shares of the real estate investment trust’s stock worth $1,173,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund increased its position in Getty Realty Corporation by 1.1% in the first quarter. Texas Permanent School Fund now owns 19,525 shares of the real estate investment trust’s stock worth $493,000 after buying an additional 217 shares in the last quarter. James Investment Research Inc. increased its position in Getty Realty Corporation by 0.5% in the first quarter. James Investment Research Inc. now owns 56,450 shares of the real estate investment trust’s stock worth $1,426,000 after buying an additional 280 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Getty Realty Corporation by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 10,963 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 300 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Getty Realty Corporation by 2.9% in the first quarter. Arizona State Retirement System now owns 14,059 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 51.94% of the company’s stock.

Getty Realty Corporation (NYSE GTY) traded up 0.15% on Monday, reaching $26.33. 139,200 shares of the company traded hands. Getty Realty Corporation has a 1-year low of $21.71 and a 1-year high of $26.71. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.78 and a beta of 0.54. The stock’s 50-day moving average is $24.88 and its 200-day moving average is $25.49.

Getty Realty Corporation (NYSE:GTY) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $24.83 million during the quarter, compared to analyst estimates of $25.20 million. Getty Realty Corporation had a net margin of 36.50% and a return on equity of 10.28%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. Equities research analysts expect that Getty Realty Corporation will post $1.26 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 $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Wednesday, September 20th. Getty Realty Corporation’s payout ratio is presently 92.56%.

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A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Canaccord Genuity assumed coverage on shares of Getty Realty Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $32.00 price objective for the company. Zacks Investment Research raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Thursday, June 1st. Finally, ValuEngine downgraded shares of Getty Realty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $27.00.

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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