Morgan Stanley decreased its stake in Getty Realty Corporation (NYSE:GTY) by 57.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,848 shares of the real estate investment trust’s stock after selling 103,420 shares during the period. Morgan Stanley owned 0.22% of Getty Realty Corporation worth $1,942,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GTY. Mason Street Advisors LLC raised its position in shares of Getty Realty Corporation by 9.0% in the first quarter. Mason Street Advisors LLC now owns 6,306 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 521 shares during the last quarter. Credit Agricole S A raised its position in shares of Getty Realty Corporation by 59.0% in the first quarter. Credit Agricole S A now owns 7,428 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 2,756 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of 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 during the last quarter. TFS Capital LLC purchased a new position in shares of Getty Realty Corporation during the first quarter worth approximately $316,000. Finally, Arizona State Retirement System raised its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 52.15% of the company’s stock.

Shares of Getty Realty Corporation (NYSE:GTY) traded down 0.15% during midday trading on Tuesday, hitting $27.02. The company had a trading volume of 22,674 shares. The company has a market capitalization of $1.06 billion, a PE ratio of 22.35 and a beta of 0.54. Getty Realty Corporation has a 12 month low of $21.71 and a 12 month high of $27.64. The company has a 50-day moving average of $25.49 and a 200-day moving average of $25.58.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 20th. This represents a $1.12 annualized dividend and a dividend yield of 4.14%. Getty Realty Corporation’s dividend payout ratio is presently 92.56%.

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A number of equities analysts recently commented on the company. BidaskClub raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Canaccord Genuity assumed coverage on Getty Realty Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $32.00 price target for the company. Zacks Investment Research raised Getty Realty Corporation from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research note on Friday, June 30th. Finally, ValuEngine raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price 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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