BlackRock Fund Advisors Increases Stake in Getty Realty Corporation (GTY)

BlackRock Fund Advisors Increases Stake in Getty Realty Corporation (GTY)

BlackRock Fund Advisors increased its stake in Getty Realty Corporation (NYSE:GTY) by 10.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,919,138 shares of the real estate investment trust’s stock after buying an additional 179,467 shares during the period. BlackRock Fund Advisors owned about 5.65% of Getty Realty Corporation worth $45,925,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Mason Street Advisors LLC bought a new stake in Getty Realty Corporation during the second quarter valued at approximately $110,000. Mizuho Trust & Banking Co. Ltd. increased its stake in Getty Realty Corporation by 28.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 6,547 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 1,458 shares during the last quarter. Clear Harbor Asset Management LLC bought a new stake in Getty Realty Corporation during the third quarter valued at approximately $200,000. Neuberger Berman Group LLC bought a new stake in Getty Realty Corporation during the third quarter valued at approximately $202,000. Finally, AQR Capital Management LLC bought a new stake in Getty Realty Corporation during the second quarter valued at approximately $211,000. Institutional investors and hedge funds own 55.93% of the company’s stock.

Getty Realty Corporation (NYSE:GTY) traded down 0.92% on Friday, reaching $25.79. 68,571 shares of the company were exchanged. Getty Realty Corporation has a 52 week low of $17.13 and a 52 week high of $26.32. The stock has a 50-day moving average price of $25.52 and a 200 day moving average price of $23.69. The stock has a market capitalization of $875.29 million, a price-to-earnings ratio of 17.56 and a beta of 0.61.

Separately, Zacks Investment Research upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, November 29th.

About Getty Realty Corporation

Getty Realty Corp. is a real estate investment trust. The Company is engaged in the ownership, leasing and financing of convenience store and gasoline station properties. It owns and leases approximately 850 properties that are located in over 20 states across the United States and Washington, District of Columbia.

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