SG Americas Securities LLC increased its position in shares of Getty Realty Corp. (NYSE:GTY) by 282.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,894 shares of the real estate investment trust’s stock after purchasing an additional 12,481 shares during the period. SG Americas Securities LLC’s holdings in Getty Realty were worth $476,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in Getty Realty by 1.8% in the first quarter. BlackRock Inc. now owns 5,043,942 shares of the real estate investment trust’s stock valued at $127,207,000 after acquiring an additional 88,161 shares during the last quarter. Northern Trust Corp lifted its position in Getty Realty by 4.5% in the first quarter. Northern Trust Corp now owns 620,073 shares of the real estate investment trust’s stock valued at $15,638,000 after acquiring an additional 26,523 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Getty Realty by 77.3% in the first quarter. Russell Investments Group Ltd. now owns 587,115 shares of the real estate investment trust’s stock valued at $14,806,000 after acquiring an additional 255,900 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Getty Realty by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 526,282 shares of the real estate investment trust’s stock valued at $14,826,000 after acquiring an additional 15,114 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Getty Realty by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 479,600 shares of the real estate investment trust’s stock valued at $12,096,000 after acquiring an additional 11,586 shares during the last quarter. Hedge funds and other institutional investors own 64.32% of the company’s stock.

Shares of NYSE:GTY opened at $29.03 on Tuesday. Getty Realty Corp. has a one year low of $22.68 and a one year high of $29.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market capitalization of $1.18 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 9.43 and a beta of 0.41.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Getty Realty had a net margin of 35.39% and a return on equity of 8.43%. The business had revenue of $29.02 million during the quarter, compared to analysts’ expectations of $28.99 million. sell-side analysts predict that Getty Realty Corp. will post 1.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Thursday, September 20th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.41%. Getty Realty’s payout ratio is 77.11%.

A number of equities research analysts recently weighed in on GTY shares. BTIG Research started coverage on shares of Getty Realty in a research report on Tuesday, July 24th. They issued a “buy” rating and a $31.00 price target for the company. Bank of America boosted their price target on shares of Getty Realty from $28.50 to $30.00 and gave the company a “buy” rating in a research report on Monday, July 16th. Zacks Investment Research raised shares of Getty Realty from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, July 11th. ValuEngine raised shares of Getty Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. Finally, LADENBURG THALM/SH SH started coverage on shares of Getty Realty in a research report on Friday, June 1st. They issued a “buy” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Getty Realty presently has an average rating of “Buy” and a consensus price target of $30.75.

Getty Realty Company Profile

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

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