Getty Realty Corporation (GTY) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its position in shares of Getty Realty Corporation (NYSE:GTY) by 13.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 418,306 shares of the real estate investment trust’s stock after selling 67,294 shares during the period. Ameriprise Financial Inc. owned approximately 1.06% of Getty Realty Corporation worth $10,501,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GTY. State of Alaska Department of Revenue increased its holdings in shares of Getty Realty Corporation by 78.9% during the 2nd 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 last quarter. Mason Street Advisors LLC increased its holdings in shares of Getty Realty Corporation by 9.0% during the 1st 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 last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Getty Realty Corporation by 6.2% during the 2nd 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 last quarter. Credit Agricole S A increased its holdings in shares of Getty Realty Corporation by 59.0% during the 1st 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 last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Getty Realty Corporation during the 2nd quarter worth $268,000. Institutional investors and hedge funds own 52.11% of the company’s stock.

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Shares of Getty Realty Corporation (NYSE GTY) opened at 29.44 on Thursday. The stock has a market capitalization of $1.16 billion, a PE ratio of 24.35 and a beta of 0.55. Getty Realty Corporation has a 12 month low of $21.71 and a 12 month high of $29.54. The company’s 50-day moving average is $28.32 and its 200-day moving average is $26.21.

Getty Realty Corporation (NYSE:GTY) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $24.83 million for the quarter, compared to the consensus estimate of $25.20 million. Getty Realty Corporation had a net margin of 36.50% and a return on equity of 10.28%. Getty Realty Corporation’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Equities research analysts expect that Getty Realty Corporation will post $1.30 earnings per share for the current fiscal year.

The firm also recently declared 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. The ex-dividend date was Wednesday, September 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.80%. Getty Realty Corporation’s dividend payout ratio is currently 92.56%.

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

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