Analysts at Canaccord Genuity began coverage on shares of Getty Realty Corporation (NYSE:GTY) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $32.00 price target on the real estate investment trust’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 33.17% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Monday, May 22nd. ValuEngine upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, J P Morgan Chase & Co lifted their price target on shares of Getty Realty Corporation from $16.00 to $20.00 and gave the company an “underweight” rating in a research note on Monday, April 3rd.

Shares of Getty Realty Corporation (NYSE:GTY) opened at 24.03 on Tuesday. The company has a market capitalization of $831.65 million, a PE ratio of 20.49 and a beta of 0.53. Getty Realty Corporation has a one year low of $21.71 and a one year high of $26.71. The company has a 50-day moving average of $25.03 and a 200-day moving average of $25.54.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in shares of Getty Realty Corporation during the fourth quarter worth approximately $1,002,000. Comerica Bank increased its position in shares of 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 worth $722,000 after buying an additional 512 shares during the period. State Street Corp increased its position in shares of 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 worth $16,802,000 after buying an additional 57,109 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 worth $9,457,000 after buying an additional 1,321 shares during the period. Finally, New York State Teachers Retirement System increased its position in shares of Getty Realty Corporation by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 46,009 shares of the real estate investment trust’s stock worth $1,173,000 after buying an additional 200 shares during the period. 53.21% of the stock is owned by institutional investors.

About Getty Realty Corporation

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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