Alliancebernstein L.P. decreased its holdings in shares of Getty Realty Corporation (NYSE:GTY) by 28.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,856 shares of the real estate investment trust’s stock after selling 43,164 shares during the quarter. Alliancebernstein L.P. owned about 0.27% of Getty Realty Corporation worth $2,707,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its stake in Getty Realty Corporation by 4.5% during the 1st 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 purchasing an additional 4,077 shares during the period. Teachers Advisors LLC boosted its stake in Getty Realty Corporation by 5.6% during the 1st quarter. Teachers Advisors LLC now owns 45,699 shares of the real estate investment trust’s stock valued at $1,155,000 after purchasing an additional 2,425 shares during the period. Russell Investments Group Ltd. boosted its stake in Getty Realty Corporation by 23.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 60,185 shares of the real estate investment trust’s stock valued at $1,511,000 after purchasing an additional 11,604 shares during the period. Legal & General Group Plc boosted its stake in Getty Realty Corporation by 5.1% during the 2nd quarter. Legal & General Group Plc now owns 109,687 shares of the real estate investment trust’s stock valued at $2,753,000 after purchasing an additional 5,317 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Getty Realty Corporation by 12.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 106,890 shares of the real estate investment trust’s stock valued at $2,683,000 after purchasing an additional 11,428 shares during the period. Hedge funds and other institutional investors own 52.11% of the company’s stock.

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

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Getty Realty Corporation (GTY) opened at 29.47 on Friday. The firm has a market cap of $1.16 billion, a PE ratio of 24.38 and a beta of 0.55. The firm has a 50-day moving average price of $28.38 and a 200 day moving average price of $26.23. Getty Realty Corporation has a 12-month low of $21.71 and a 12-month high of $29.54.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Wednesday, September 20th. Getty Realty Corporation’s dividend payout ratio is presently 92.56%.

Getty Realty Corporation 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.

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

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