Bank of New York Mellon Corp raised its stake in Getty Realty Corporation (NYSE:GTY) by 27.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 644,302 shares of the real estate investment trust’s stock after buying an additional 140,190 shares during the period. Bank of New York Mellon Corp’s holdings in Getty Realty Corporation were worth $16,282,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Getty Realty Corporation during the fourth quarter valued at $1,002,000. Comerica Bank boosted its stake in Getty Realty Corporation by 1.9% in the fourth quarter. Comerica Bank now owns 27,957 shares of the real estate investment trust’s stock valued at $722,000 after buying an additional 512 shares during the last quarter. State Street Corp boosted its stake in Getty Realty Corporation by 9.5% in the fourth quarter. State Street Corp now owns 659,073 shares of the real estate investment trust’s stock valued at $16,802,000 after buying an additional 57,109 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Getty Realty Corporation by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 371,004 shares of the real estate investment trust’s stock valued at $9,457,000 after buying an additional 1,321 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in Getty Realty Corporation by 10.4% in the fourth quarter. Martingale Asset Management L P now owns 174,690 shares of the real estate investment trust’s stock valued at $4,453,000 after buying an additional 16,408 shares during the last quarter. Hedge funds and other institutional investors own 59.93% of the company’s stock.

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

Shares of Getty Realty Corporation (NYSE GTY) opened at 25.48 on Tuesday. The company has a market capitalization of $881.84 million, a PE ratio of 21.72 and a beta of 0.64. The firm’s 50-day moving average price is $25.51 and its 200 day moving average price is $25.60. Getty Realty Corporation has a 1-year low of $20.24 and a 1-year high of $26.71.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 22nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, June 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.35%. Getty Realty Corporation’s dividend payout ratio (DPR) is currently 94.92%.

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Several equities research analysts have weighed in on GTY shares. J P Morgan Chase & Co upped their target price on Getty Realty Corporation from $16.00 to $20.00 and gave the stock an “underweight” rating in a research note on Monday, April 3rd. Zacks Investment Research upgraded Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, April 5th. Finally, ValuEngine cut Getty Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd.

Getty Realty Corporation Company Profile

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 December 31, 2016, the Company’s 829 properties were located in 23 states across the United States and Washington, District of Columbia.

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