Voya Investment Management LLC increased its stake in shares of Getty Realty Corporation (NYSE:GTY) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,003 shares of the real estate investment trust’s stock after purchasing an additional 1,251 shares during the period. Voya Investment Management LLC’s holdings in Getty Realty Corporation were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Getty Realty Corporation by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 402,823 shares of the real estate investment trust’s stock valued at $10,111,000 after acquiring an additional 13,355 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Getty Realty Corporation by 14.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,136,312 shares of the real estate investment trust’s stock valued at $28,521,000 after acquiring an additional 147,600 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Getty Realty Corporation by 4.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 190,105 shares of the real estate investment trust’s stock valued at $4,772,000 after acquiring an additional 8,406 shares during the last quarter. Vanguard Group Inc. raised its holdings in Getty Realty Corporation by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,645,500 shares of the real estate investment trust’s stock valued at $116,602,000 after acquiring an additional 71,575 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Getty Realty Corporation by 9.1% in the 2nd quarter. Northern Trust Corp now owns 526,261 shares of the real estate investment trust’s stock valued at $13,210,000 after acquiring an additional 43,743 shares during the last quarter. Institutional investors own 50.56% of the company’s stock.

Shares of Getty Realty Corporation (NYSE:GTY) opened at $27.96 on Wednesday. The stock has a market cap of $1,099.57, a P/E ratio of 15.51, a PEG ratio of 4.69 and a beta of 0.56. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. Getty Realty Corporation has a 1-year low of $21.71 and a 1-year high of $29.89.

Getty Realty Corporation (NYSE:GTY) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.21). The firm had revenue of $29.50 million for the quarter, compared to analyst estimates of $27.35 million. Getty Realty Corporation had a return on equity of 9.62% and a net margin of 36.66%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 EPS. research analysts forecast that Getty Realty Corporation will post 2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.58%. This is an increase from Getty Realty Corporation’s previous quarterly dividend of $0.28. Getty Realty Corporation’s dividend payout ratio (DPR) is currently 94.12%.

ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/08/getty-realty-corporation-gty-shares-bought-by-voya-investment-management-llc.html.

A number of analysts have commented on the stock. 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 upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Tuesday, October 17th. BidaskClub upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Bank of America Corporation assumed coverage on shares of Getty Realty Corporation in a report on Wednesday, September 6th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, ValuEngine upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $28.75.

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.

Want to see what other hedge funds are holding GTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Getty Realty Corporation (NYSE:GTY).

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.