Today: 22,383 Shares of Getty Realty Corp. (GTY) are sold by First Trust Advisors LP

Today: 22,383 Shares of Getty Realty Corp. (GTY) are sold by First Trust Advisors LP

First Trust Advisors LP reduced its stake in Getty Realty Corp. (NYSE:GTY) by 65.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,075 shares of the real estate investment trust’s stock after selling 22,383 shares during the period. First Trust Advisors LP’s holdings in Getty Realty Corp. were worth $259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of Getty Realty Corp. by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,148,343 shares of the real estate investment trust’s stock valued at $22,772,000 after buying an additional 26,764 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Getty Realty Corp. by 23.2% in the first quarter. Renaissance Technologies LLC now owns 733,212 shares of the real estate investment trust’s stock valued at $14,540,000 after buying an additional 138,212 shares during the last quarter. Price Michael F increased its stake in shares of Getty Realty Corp. by 0.6% in the first quarter. Price Michael F now owns 357,904 shares of the real estate investment trust’s stock valued at $7,097,000 after buying an additional 2,232 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Getty Realty Corp. by 5.2% in the first quarter. BlackRock Group LTD now owns 181,573 shares of the real estate investment trust’s stock valued at $3,600,000 after buying an additional 9,003 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Getty Realty Corp. by 14.1% in the second quarter. California Public Employees Retirement System now owns 151,707 shares of the real estate investment trust’s stock valued at $3,254,000 after buying an additional 18,700 shares during the last quarter. Institutional investors and hedge funds own 54.21% of the company’s stock.

Shares of Getty Realty Corp. (NYSE:GTY) traded up 0.67% during mid-day trading on Monday, hitting $22.55. 33,882 shares of the stock traded hands. Getty Realty Corp. has a 12 month low of $15.67 and a 12 month high of $24.33. The stock has a market cap of $761.06 million, a price-to-earnings ratio of 15.88 and a beta of 0.63. The firm has a 50 day moving average of $23.39 and a 200 day moving average of $21.81.

Getty Realty Corp. (NYSE:GTY) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. Getty Realty Corp. had a net margin of 41.27% and a return on equity of 12.31%. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities analysts expect that Getty Realty Corp. will post $1.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Thursday, September 22nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Tuesday, September 20th. Getty Realty Corp.’s dividend payout ratio (DPR) is currently 69.93%.

About Getty Realty Corp.

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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