State Street Corp Purchases 172,631 Shares of Getty Realty Corp. (NYSE:GTY)

State Street Corp raised its stake in shares of Getty Realty Corp. (NYSE:GTY - Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,920,520 shares of the real estate investment trust's stock after acquiring an additional 172,631 shares during the period. State Street Corp owned about 7.13% of Getty Realty worth $126,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GTY. SG Americas Securities LLC lifted its holdings in shares of Getty Realty by 198.3% in the 2nd quarter. SG Americas Securities LLC now owns 17,550 shares of the real estate investment trust's stock worth $468,000 after acquiring an additional 11,666 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Getty Realty by 47.1% during the second quarter. Nisa Investment Advisors LLC now owns 33,956 shares of the real estate investment trust's stock valued at $921,000 after acquiring an additional 10,877 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Getty Realty by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust's stock worth $659,000 after purchasing an additional 400 shares during the last quarter. Clear Creek Financial Management LLC raised its position in Getty Realty by 5.0% during the 2nd quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust's stock valued at $211,000 after purchasing an additional 375 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Getty Realty by 9.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 601,341 shares of the real estate investment trust's stock worth $16,032,000 after buying an additional 53,906 shares during the period. Hedge funds and other institutional investors own 85.11% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GTY. Bank of America raised Getty Realty from a "neutral" rating to a "buy" rating and raised their price target for the stock from $31.00 to $34.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their price target on shares of Getty Realty from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th.

Getty Realty Stock Down 0.4 %

Shares of GTY stock traded down $0.14 during trading hours on Friday, hitting $32.06. 235,316 shares of the company's stock traded hands, compared to its average volume of 280,548. Getty Realty Corp. has a 12-month low of $25.70 and a 12-month high of $33.85. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 27.40 and a beta of 0.92. The stock's fifty day simple moving average is $32.01 and its two-hundred day simple moving average is $30.53.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The firm had revenue of $51.47 million for the quarter, compared to analysts' expectations of $49.79 million. During the same period last year, the company posted $0.57 earnings per share. On average, analysts expect that Getty Realty Corp. will post 2.23 EPS for the current year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.47 per share. This is an increase from Getty Realty's previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date is Thursday, December 26th. Getty Realty's dividend payout ratio is presently 153.85%.

Getty Realty Profile