Citigroup Inc. lifted its stake in shares of Getty Realty Corporation (NYSE:GTY) by 43.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,554 shares of the real estate investment trust’s stock after buying an additional 12,873 shares during the period. Citigroup Inc. owned approximately 0.11% of Getty Realty Corporation worth $1,069,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in shares of Getty Realty Corporation by 78.9% during the second quarter. State of Alaska Department of Revenue now owns 5,330 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 2,350 shares during the period. Mason Street Advisors LLC lifted its stake in shares of Getty Realty Corporation by 9.0% during 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 period. Municipal Employees Retirement System of Michigan lifted its stake in shares of Getty Realty Corporation by 6.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,368 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 370 shares during the period. Credit Agricole S A lifted its stake in shares of Getty Realty Corporation by 59.0% during 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 period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Getty Realty Corporation during the second quarter worth $268,000. Institutional investors and hedge funds own 52.09% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Citigroup Inc. Boosts Stake in Getty Realty Corporation (GTY)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/06/citigroup-inc-boosts-stake-in-getty-realty-corporation-gty.html.

Shares of Getty Realty Corporation (GTY) opened at 29.22 on Friday. Getty Realty Corporation has a 1-year low of $21.71 and a 1-year high of $29.33. The stock’s 50 day moving average is $28.07 and its 200 day moving average is $26.09. The firm has a market capitalization of $1.15 billion, a P/E ratio of 24.17 and a beta of 0.55.

Getty Realty Corporation (NYSE:GTY) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $24.83 million during the quarter, compared to analysts’ expectations of $25.20 million. During the same quarter in the prior year, the business posted $0.42 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts predict that Getty Realty Corporation will post $1.30 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Wednesday, September 20th. Getty Realty Corporation’s payout ratio is 92.56%.

Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Canaccord Genuity assumed coverage on shares of Getty Realty Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $32.00 price objective for the company. ValuEngine upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Getty Realty Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Bank of America Corporation assumed coverage on shares of Getty Realty Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $30.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $27.33.

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.

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

Receive News & Stock Ratings for Getty Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Realty Corporation and related stocks with our FREE daily email newsletter.