Swiss National Bank raised its holdings in shares of Getty Realty Corporation (NYSE:GTY) by 21.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,109 shares of the real estate investment trust’s stock after purchasing an additional 10,000 shares during the period. Swiss National Bank owned approximately 141,653.62% of Getty Realty worth $1,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in Getty Realty by 1.6% during 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 purchasing an additional 71,575 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Getty Realty by 1.3% during the 2nd quarter. BlackRock Inc. now owns 4,012,218 shares of the real estate investment trust’s stock valued at $100,709,000 after buying an additional 51,859 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Getty Realty by 14.9% during 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 buying an additional 147,600 shares during the period. State Street Corp lifted its holdings in shares of Getty Realty by 5.3% during the 2nd quarter. State Street Corp now owns 781,361 shares of the real estate investment trust’s stock valued at $19,613,000 after buying an additional 39,522 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Getty Realty by 4.7% during the 2nd 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 buying an additional 30,051 shares during the period. Institutional investors and hedge funds own 54.70% of the company’s stock.

Getty Realty Corporation (NYSE:GTY) opened at $28.76 on Friday. Getty Realty Corporation has a twelve month low of $22.91 and a twelve month high of $29.89. The company has a market capitalization of $1,139.18, a price-to-earnings ratio of 16.07, a P/E/G ratio of 6.27 and a beta of 0.56. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.58.

Getty Realty (NYSE:GTY) last issued 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). Getty Realty 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 in the previous year, the company posted $0.47 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. analysts anticipate that Getty Realty Corporation will post 1.97 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Wednesday, December 20th. This is a positive change from Getty Realty’s previous quarterly dividend of $0.28. Getty Realty’s dividend payout ratio is presently 94.12%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Getty Realty from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub raised Getty Realty from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Bank of America Corporation assumed coverage on Getty Realty in a report on Wednesday, September 6th. They set a “buy” rating and a $30.00 price target on the stock. Finally, ValuEngine raised Getty Realty from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.75.

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About Getty Realty

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 (NYSE:GTY)

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