BlackRock Fund Advisors cut its stake in shares of Getty Realty Corp. (NYSE:GTY) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,656,728 shares of the real estate investment trust’s stock after selling 15,079 shares during the period. BlackRock Fund Advisors owned approximately 4.96% of Getty Realty Corp. worth $32,853,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in shares of Getty Realty Corp. by 1.9% in the fourth quarter. Ameriprise Financial Inc. now owns 617,107 shares of the real estate investment trust’s stock valued at $10,588,000 after buying an additional 11,361 shares during the period. BlackRock Group LTD raised 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 period. BlackRock Inc. raised its stake in shares of Getty Realty Corp. by 19.6% in the first quarter. BlackRock Inc. now owns 26,995 shares of the real estate investment trust’s stock valued at $535,000 after buying an additional 4,431 shares during the period. Russell Frank Co raised its stake in shares of Getty Realty Corp. by 11.8% in the fourth quarter. Russell Frank Co now owns 131,244 shares of the real estate investment trust’s stock valued at $2,286,000 after buying an additional 13,812 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Getty Realty Corp. by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 352,984 shares of the real estate investment trust’s stock valued at $6,054,000 after buying an additional 9,178 shares during the period.
Shares of Getty Realty Corp. (NYSE:GTY) traded up 0.13% during midday trading on Thursday, hitting $22.34. The stock had a trading volume of 66,391 shares. The firm’s 50-day moving average price is $21.69 and its 200-day moving average price is $19.73. The firm has a market capitalization of $753.08 million and a PE ratio of 16.34. Getty Realty Corp. has a one year low of $15.16 and a one year high of $22.43.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Thursday, June 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.48%.
Separately, JMP Securities started coverage on Getty Realty Corp. in a report on Friday, June 17th. They issued a “market perform” rating for the company.
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.
