Getty Realty Corp. (GTY) Shares Bought by TD Asset Management Inc.

Getty Realty Corp. (GTY) Shares Bought by TD Asset Management Inc.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Getty Realty Corp. by 32.9% in the fourth quarter. AQR Capital Management LLC now owns 147,578 shares of the real estate investment trust’s stock valued at $3,762,000 after buying an additional 36,567 shares in the last quarter. Renaissance Technologies LLC raised its stake in Getty Realty Corp. by 9.4% in the fourth quarter. Renaissance Technologies LLC now owns 854,012 shares of the real estate investment trust’s stock valued at $21,769,000 after buying an additional 73,626 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Getty Realty Corp. by 22.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 8,840 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 1,597 shares in the last quarter. Allianz Asset Management AG raised its stake in Getty Realty Corp. by 73.7% in the fourth quarter. Allianz Asset Management AG now owns 52,854 shares of the real estate investment trust’s stock valued at $1,347,000 after buying an additional 22,430 shares in the last quarter. Finally, State Street Corp raised its stake in Getty Realty Corp. 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 in the last quarter. Institutional investors own 56.64% of the company’s stock.

TD Asset Management Inc. increased its stake in Getty Realty Corp. (NYSE:GTY) by 8.6% during the first quarter, Holdings Channel reports. The fund owned 107,312 shares of the real estate investment trust’s stock after buying an additional 8,500 shares during the period. TD Asset Management Inc.’s holdings in Getty Realty Corp. were worth $2,712,000 as of its most recent SEC filing.

Getty Realty Corp. (GTY) opened at 25.41 on Tuesday. Getty Realty Corp. has a 1-year low of $20.19 and a 1-year high of $26.71. The stock has a market cap of $879.41 million, a P/E ratio of 21.66 and a beta of 0.51. The firm’s 50-day moving average is $25.74 and its 200-day moving average is $25.28.

Getty Realty Corp. (NYSE:GTY) last announced its quarterly earnings data on Wednesday, March 1st. The real estate investment trust reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. Getty Realty Corp. had a net margin of 43.33% and a return on equity of 12.35%. The firm had revenue of $29.70 million for the quarter, compared to the consensus estimate of $24 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. On average, analysts forecast that Getty Realty Corp. will post $1.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 22nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Tuesday, June 20th. Getty Realty Corp.’s payout ratio is presently 75.68%.

Several analysts have recently commented on the stock. ValuEngine lowered shares of Getty Realty Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Zacks Investment Research lowered shares of Getty Realty Corp. from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Getty Realty Corp. from $16.00 to $20.00 and gave the stock an “underweight” rating in a research report on Monday, April 3rd.

Getty Realty Corp. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GTY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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