Virginia Retirement Systems ET AL raised its stake in Getty Realty Corp. (NYSE:GTY) by 48.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,900 shares of the real estate investment trust’s stock after purchasing an additional 16,500 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Getty Realty were worth $1,434,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. purchased a new position in shares of Getty Realty in the 1st quarter valued at approximately $103,000. SG Americas Securities LLC purchased a new position in shares of Getty Realty in the 1st quarter valued at approximately $111,000. Piedmont Investment Advisors LLC purchased a new position in shares of Getty Realty in the 2nd quarter valued at approximately $216,000. D.A. Davidson & CO. purchased a new position in shares of Getty Realty in the 2nd quarter valued at approximately $242,000. Finally, GW&K Investment Management LLC purchased a new position in shares of Getty Realty in the 1st quarter valued at approximately $230,000. Institutional investors own 63.21% of the company’s stock.

Getty Realty stock opened at $29.24 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.73. Getty Realty Corp. has a 1-year low of $22.68 and a 1-year high of $29.89. The company has a market capitalization of $1.16 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 9.33 and a beta of 0.51.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Getty Realty had a return on equity of 8.43% and a net margin of 35.39%. The firm had revenue of $29.02 million for the quarter, compared to the consensus estimate of $28.99 million. equities analysts anticipate that Getty Realty Corp. will post 1.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Thursday, September 20th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, September 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.38%. Getty Realty’s dividend payout ratio (DPR) is presently 77.11%.

Several brokerages have weighed in on GTY. Zacks Investment Research upgraded Getty Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. ValuEngine downgraded Getty Realty from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. Bank of America lifted their price target on Getty Realty from $28.50 to $30.00 and gave the company a “buy” rating in a research note on Monday, July 16th. BTIG Research started coverage on Getty Realty in a research note on Tuesday, July 24th. They issued a “buy” rating and a $31.00 price target on the stock. Finally, LADENBURG THALM/SH SH started coverage on Getty Realty in a research note on Friday, June 1st. They issued a “buy” rating and a $30.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $30.75.

Getty Realty Company Profile

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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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