Mason Street Advisors LLC Buys New Stake in Getty Realty Corp. (GTY)
Mason Street Advisors LLC bought a new position in Getty Realty Corp. (NYSE:GTY) during the second quarter, Holdings Channel reports. The fund bought 5,140 shares of the real estate investment trust’s stock, valued at approximately $110,000.
Several other large investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its stake in 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 valued at $989,000 after buying an additional 2,400 shares during the period. James Investment Research Inc. acquired a new stake in Getty Realty Corp. during the second quarter valued at approximately $689,000. Eqis Capital Management Inc. acquired a new stake in Getty Realty Corp. during the second quarter valued at approximately $668,000. First Manhattan Co. acquired a new stake in Getty Realty Corp. during the second quarter valued at approximately $131,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Getty Realty Corp. by 109.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,429 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 4,409 shares during the period. 54.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Getty Realty Corp. (NYSE:GTY) opened at 22.41 on Tuesday. The stock has a market capitalization of $756.34 million, a PE ratio of 15.78 and a beta of 0.63. The company’s 50 day moving average price is $23.36 and its 200 day moving average price is $21.86. Getty Realty Corp. has a 52-week low of $15.67 and a 52-week high of $24.33.
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 (EPS) for the quarter, beating the 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 quarter in the prior year, the company posted $0.55 earnings per share. On average, equities research analysts anticipate that Getty Realty Corp. will post $1.53 EPS for the current year.
The business also recently announced 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 dividend yield of 4.46%. The ex-dividend date was Tuesday, September 20th. Getty Realty Corp.’s dividend payout ratio is presently 69.93%.
About Getty Realty Corp.
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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