New York State Common Retirement Fund decreased its holdings in shares of Getty Realty Corporation (NYSE:GTY) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,981 shares of the real estate investment trust’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of Getty Realty Corporation worth $978,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GTY. BlackRock Inc. lifted its stake in Getty Realty Corporation by 10,055.3% during the first quarter. BlackRock Inc. now owns 3,960,359 shares of the real estate investment trust’s stock worth $100,077,000 after purchasing an additional 3,921,361 shares during the last quarter. Vanguard Group Inc. lifted its stake in Getty Realty Corporation by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,573,925 shares of the real estate investment trust’s stock worth $115,582,000 after purchasing an additional 103,383 shares during the last quarter. State Street Corp lifted its stake in Getty Realty Corporation by 12.6% during the first quarter. State Street Corp now owns 741,839 shares of the real estate investment trust’s stock worth $18,747,000 after purchasing an additional 82,766 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 worth $16,927,000 after purchasing an additional 30,051 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Getty Realty Corporation by 93.9% during the first quarter. Bank of America Corp DE now owns 47,941 shares of the real estate investment trust’s stock worth $1,212,000 after purchasing an additional 23,220 shares during the last quarter. Hedge funds and other institutional investors own 50.77% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Getty Realty Corporation (GTY) Position Trimmed by New York State Common Retirement Fund” was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://theolympiareport.com/2017/11/05/getty-realty-corporation-gty-position-trimmed-by-new-york-state-common-retirement-fund.html.

Getty Realty Corporation (NYSE GTY) opened at $27.91 on Friday. The company has a market capitalization of $1,105.52, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 4.71 and a beta of 0.56. Getty Realty Corporation has a 12-month low of $21.71 and a 12-month high of $29.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.37.

Getty Realty Corporation (NYSE:GTY) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the 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 company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. equities analysts expect that Getty Realty Corporation will post 2 EPS for the current 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 a positive change from Getty Realty Corporation’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, December 20th. This represents a $1.28 annualized dividend and a yield of 4.59%. Getty Realty Corporation’s payout ratio is 94.12%.

GTY has been the topic of several research analyst reports. Canaccord Genuity initiated coverage on Getty Realty Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $32.00 price target on the stock. BidaskClub raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. ValuEngine raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Bank of America Corporation initiated coverage on Getty Realty Corporation in a research report on Wednesday, September 6th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Zacks Investment Research lowered Getty Realty Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target 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 & 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 companies with Analyst Ratings Network's FREE daily email newsletter.