Bessemer Group Inc. raised its stake in shares of Getty Realty Corp. (NYSE:GTY) by 41.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 39,900 shares of the real estate investment trust’s stock after acquiring an additional 11,600 shares during the period. Bessemer Group Inc.’s holdings in Getty Realty were worth $1,140,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Getty Realty by 7.7% during the 2nd quarter. BlackRock Inc. now owns 5,432,285 shares of the real estate investment trust’s stock valued at $153,029,000 after purchasing an additional 388,343 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Getty Realty by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 2,261,586 shares of the real estate investment trust’s stock valued at $63,709,000 after purchasing an additional 187,574 shares during the last quarter. LSV Asset Management increased its position in shares of Getty Realty by 1.3% during the 2nd quarter. LSV Asset Management now owns 1,498,130 shares of the real estate investment trust’s stock valued at $42,202,000 after purchasing an additional 19,800 shares during the last quarter. Northern Trust Corp increased its position in shares of Getty Realty by 31.7% during the 2nd quarter. Northern Trust Corp now owns 816,768 shares of the real estate investment trust’s stock valued at $23,010,000 after purchasing an additional 196,695 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Getty Realty by 4.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 599,492 shares of the real estate investment trust’s stock valued at $17,121,000 after purchasing an additional 24,120 shares during the last quarter. Institutional investors and hedge funds own 64.56% of the company’s stock.

Several equities research analysts have recently issued reports on GTY shares. ValuEngine lowered Getty Realty from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. BTIG Research started coverage on Getty Realty in a research report on Tuesday, July 24th. They set a “buy” rating and a $31.00 target price for the company. Finally, Zacks Investment Research lowered Getty Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $30.75.

Shares of Getty Realty stock opened at $29.06 on Tuesday. Getty Realty Corp. has a 1 year low of $22.68 and a 1 year high of $29.59. The firm has a market cap of $1.17 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 11.88 and a beta of 0.48. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.74.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.21). Getty Realty had a net margin of 35.21% and a return on equity of 8.61%. The business had revenue of $29.57 million for the quarter, compared to analysts’ expectations of $29.50 million. Equities analysts expect that Getty Realty Corp. will post 1.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 20th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $1.40 annualized dividend and a yield of 4.82%. This is a positive change from Getty Realty’s previous quarterly dividend of $0.32. Getty Realty’s dividend payout ratio (DPR) is 77.11%.

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Getty Realty Profile

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

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