Getty Realty Corp. (GTY) : Ingalls Snyder reduced its stake in Getty Realty Corp. by 24.07% during the most recent quarter end. The investment management company now holds a total of 1,270,926 shares of Getty Realty Corp. which is valued at $30,031,981 after selling 402,780 shares in Getty Realty Corp. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Getty Realty Corp. makes up approximately 1.69% of Ingalls Snyder’s portfolio.
Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in GTY in the latest quarter, The investment management firm added 11,538 additional shares and now holds a total of 100,453 shares of Getty Realty Corp. which is valued at $2,373,704.Acadian Asset Management reduced its stake in GTY by selling 70,439 shares or 66.73% in the most recent quarter. The Hedge Fund company now holds 35,123 shares of GTY which is valued at $780,433.
Getty Realty Corp. opened for trading at $24.07 and hit $24.216 on the upside on Tuesday, eventually ending the session at $24, with a gain of 0.21% or 0.05 points. The heightened volatility saw the trading volume jump to 1,04,782 shares. Company has a market cap of $810 M.
On the company’s financial health, Getty Realty Corp. reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.35.Analysts expectations of $ 25.70.During the same quarter in the previous year, the company posted $0.55 EPS.
Investors should note that on Aug 4, 2016, Getty Realty Corp. announced a cash dividend of $0.2500. The company’s management has announced Sep 20, 2016 as the ex-dividend date and fixed the record date on Sep 22, 2016. The payable date has been fixed on Oct 6, 2016.
Many Wall Street Analysts have commented on Getty Realty Corp.. Getty Realty Corp. was Initiated by JMP Securities to “Mkt Perform” on Jun 17, 2016.
Getty Realty Corp. is a real estate investment trust (REIT) in the United States. The Company specializes in the ownership leasing and financing of retail motor fuel and convenience store properties located in 19 states across the United States and Washington D.C. with concentrations in the Northeast and the Mid-Atlantic regions. The Company’s properties are operated under a variety of brands including Getty BP Exxon Mobil Shell Chevron Valero and Aloha. The Company owns the Getty trademark and trade name in connection with its real estate and the petroleum marketing business in the United States. All of the Company’s properties are leased on a triple-net basis primarily to petroleum distributors and to individual operators. The Company’s tenants supply fuel and either operate its properties directly or sublet its properties to operators who operate their gas stations convenience stores automotive repair service facilities or other businesses at its properties.