BNP Paribas Arbitrage SA Has $103,000 Stake in Getty Realty Corp. (GTY)
BNP Paribas Arbitrage SA decreased its stake in Getty Realty Corp. (NYSE:GTY) by 48.8% during the third quarter, Holdings Channel reports. The institutional investor owned 4,312 shares of the real estate investment trust’s stock after selling 4,117 shares during the period. BNP Paribas Arbitrage SA’s holdings in Getty Realty Corp. were worth $103,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of GTY. Bank of Montreal Can bought a new stake in shares of Getty Realty Corp. during the second quarter worth $1,029,000. New York State Teachers Retirement System increased its stake in shares of Getty Realty Corp. by 5.5% in the second quarter. New York State Teachers Retirement System now owns 46,109 shares of the real estate investment trust’s stock worth $989,000 after buying an additional 2,400 shares during the period. James Investment Research Inc. bought a new stake in shares of Getty Realty Corp. during the second quarter worth $689,000. Eqis Capital Management Inc. bought a new stake in shares of Getty Realty Corp. during the second quarter worth $668,000. Finally, First Manhattan Co. bought a new stake in shares of Getty Realty Corp. during the second quarter worth $131,000. 54.21% of the stock is owned by institutional investors and hedge funds.
Shares of Getty Realty Corp. (NYSE:GTY) opened at 22.40 on Monday. Getty Realty Corp. has a one year low of $15.67 and a one year high of $24.33. The company has a market capitalization of $756.00 million, a P/E ratio of 15.77 and a beta of 0.63. The firm has a 50-day moving average of $23.39 and a 200-day moving average of $21.81.
Getty Realty Corp. (NYSE:GTY) last announced its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.07. Getty Realty Corp. had a net margin of 41.27% and a return on equity of 12.31%. During the same period last year, the company earned $0.55 EPS. Equities research analysts expect that Getty Realty Corp. will post $1.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend was Tuesday, September 20th. Getty Realty Corp.’s payout ratio is currently 69.93%.
Getty Realty Corp. Company Profile
Getty Realty Corp. is a real estate investment trust. The Company is engaged in the ownership, leasing and financing of convenience store and gasoline station properties. It owns and leases approximately 850 properties that are located in over 20 states across the United States and Washington, District of Columbia.
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