Capstone Asset Management Co. Sells 320 Shares of Getty Realty Corporation (GTY)
Capstone Asset Management Co. cut its position in shares of Getty Realty Corporation (NYSE:GTY) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,896 shares of the real estate investment trust’s stock after selling 320 shares during the period. Capstone Asset Management Co.’s holdings in Getty Realty Corporation were worth $223,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Getty Realty Corporation by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,573,925 shares of the real estate investment trust’s stock worth $115,582,000 after buying an additional 103,383 shares in the last quarter. BlackRock Inc. increased its stake in Getty Realty Corporation by 10,055.3% in the first quarter. BlackRock Inc. now owns 3,960,359 shares of the real estate investment trust’s stock worth $100,077,000 after buying an additional 3,921,361 shares in the last quarter. LSV Asset Management increased its stake in Getty Realty Corporation by 3.2% in the first quarter. LSV Asset Management now owns 1,271,755 shares of the real estate investment trust’s stock worth $32,137,000 after buying an additional 38,982 shares in the last quarter. Renaissance Technologies LLC increased its stake in Getty Realty Corporation by 15.8% in the first quarter. Renaissance Technologies LLC now owns 988,712 shares of the real estate investment trust’s stock worth $24,985,000 after buying an additional 134,700 shares in the last quarter. Finally, State Street Corp increased its stake in Getty Realty Corporation by 12.6% in the first quarter. State Street Corp now owns 741,839 shares of the real estate investment trust’s stock worth $18,747,000 after buying an additional 82,766 shares in the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.
Getty Realty Corporation (GTY) traded down 0.34% during mid-day trading on Friday, hitting $26.66. The company had a trading volume of 525,173 shares. The firm has a market capitalization of $1.05 billion, a PE ratio of 22.05 and a beta of 0.54. The company’s 50 day moving average price is $25.22 and its 200-day moving average price is $25.52. Getty Realty Corporation has a 12-month low of $21.71 and a 12-month high of $26.89.
Getty Realty Corporation (NYSE:GTY) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. Getty Realty Corporation had a net margin of 36.50% and a return on equity of 10.28%. The company had revenue of $24.83 million for the quarter, compared to analyst estimates of $25.20 million. During the same quarter in the prior year, the business posted $0.42 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, analysts forecast that Getty Realty Corporation will post $1.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.20%. Getty Realty Corporation’s dividend payout ratio is presently 92.56%.
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GTY has been the topic of a number of recent research reports. Zacks Investment Research downgraded Getty Realty Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. ValuEngine downgraded Getty Realty Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. BidaskClub raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Canaccord Genuity initiated coverage on Getty Realty Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.00.
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 June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.
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