Public Employees Retirement System of Ohio cut its holdings in Getty Realty Corporation (NYSE:GTY) by 37.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,075 shares of the real estate investment trust’s stock after selling 9,011 shares during the period. Public Employees Retirement System of Ohio’s holdings in Getty Realty Corporation were worth $378,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GTY. Vanguard Group Inc. grew its holdings in Getty Realty Corporation by 1.6% during the second quarter. Vanguard Group Inc. now owns 4,645,500 shares of the real estate investment trust’s stock valued at $116,602,000 after purchasing an additional 71,575 shares during the period. BlackRock Inc. grew its holdings in Getty Realty Corporation by 1.3% during the second quarter. BlackRock Inc. now owns 4,012,218 shares of the real estate investment trust’s stock valued at $100,709,000 after purchasing an additional 51,859 shares during the period. Renaissance Technologies LLC grew its holdings in Getty Realty Corporation by 14.9% during the second quarter. Renaissance Technologies LLC now owns 1,136,312 shares of the real estate investment trust’s stock valued at $28,521,000 after purchasing an additional 147,600 shares during the period. State Street Corp grew its holdings in Getty Realty Corporation by 5.3% during the second quarter. State Street Corp now owns 781,361 shares of the real estate investment trust’s stock valued at $19,613,000 after purchasing an additional 39,522 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Getty Realty Corporation by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 674,353 shares of the real estate investment trust’s stock valued at $16,927,000 after purchasing an additional 30,051 shares during the period. 52.28% of the stock is owned by institutional investors.

Shares of Getty Realty Corporation (GTY) opened at $28.02 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.37 and a quick ratio of 1.37. Getty Realty Corporation has a 12-month low of $22.14 and a 12-month high of $29.89. The stock has a market capitalization of $1,113.83, a price-to-earnings ratio of 15.71, a P/E/G ratio of 4.81 and a beta of 0.56.

Getty Realty Corporation (NYSE:GTY) last issued its quarterly earnings data 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). Getty Realty Corporation had a return on equity of 9.62% and a net margin of 36.66%. The business had revenue of $29.50 million during the quarter, compared to analysts’ expectations of $27.35 million. During the same quarter last year, the business posted $0.47 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. analysts expect that Getty Realty Corporation will post 1.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.32 per share. This is an increase from Getty Realty Corporation’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, December 20th. This represents a $1.28 dividend on an annualized basis and a yield of 4.57%. Getty Realty Corporation’s dividend payout ratio (DPR) is presently 94.12%.

Several equities research analysts have issued reports on GTY shares. Bank of America Corporation started coverage on Getty Realty Corporation in a research report on Wednesday, September 6th. They set a “buy” rating and a $30.00 target price on the stock. ValuEngine upgraded Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub upgraded Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Canaccord Genuity started coverage on Getty Realty Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $32.00 target price on the stock. Finally, Zacks Investment Research upgraded Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Getty Realty Corporation currently has a consensus rating of “Hold” and a consensus price target of $28.75.

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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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