Spirit Realty Capital, Inc (SRC) Position Cut by Alliancebernstein L.P.

Alliancebernstein L.P. cut its position in shares of Spirit Realty Capital, Inc (NYSE:SRC) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 494,820 shares of the real estate investment trust’s stock after selling 26,926 shares during the period. Alliancebernstein L.P. owned 0.11% of Spirit Realty Capital worth $4,246,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its holdings in Spirit Realty Capital by 122.9% during the third quarter. Advisors Asset Management Inc. now owns 18,571 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 10,241 shares in the last quarter. Ffcm LLC boosted its holdings in Spirit Realty Capital by 214.0% during the fourth quarter. Ffcm LLC now owns 15,761 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 10,741 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in Spirit Realty Capital during the fourth quarter worth $101,000. Brown Advisory Inc. purchased a new stake in Spirit Realty Capital during the fourth quarter worth $126,000. Finally, Pensionfund Sabic boosted its holdings in Spirit Realty Capital by 47.4% during the fourth quarter. Pensionfund Sabic now owns 56,000 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 18,000 shares in the last quarter. 91.92% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Mizuho reaffirmed a “buy” rating and set a $9.50 price objective on shares of Spirit Realty Capital in a report on Thursday, December 21st. Capital One Financial raised shares of Spirit Realty Capital from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Spirit Realty Capital from a “strong sell” rating to a “hold” rating in a report on Thursday, January 25th. Finally, SunTrust Banks raised shares of Spirit Realty Capital from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.44.

NYSE:SRC opened at $7.76 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.15. The firm has a market cap of $3,482.96, a price-to-earnings ratio of 9.13 and a beta of 0.46. Spirit Realty Capital, Inc has a 52-week low of $6.64 and a 52-week high of $10.60.

Spirit Realty Capital (NYSE:SRC) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.15). The business had revenue of $165.35 million during the quarter, compared to analyst estimates of $166.69 million. Spirit Realty Capital had a net margin of 11.53% and a return on equity of 2.84%. Spirit Realty Capital’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. research analysts anticipate that Spirit Realty Capital, Inc will post 0.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date of this dividend is Wednesday, March 28th. Spirit Realty Capital’s dividend payout ratio (DPR) is 84.71%.

In other Spirit Realty Capital news, Director Richard I. Gilchrist bought 7,500 shares of Spirit Realty Capital stock in a transaction dated Thursday, March 15th. The stock was acquired at an average cost of $8.00 per share, for a total transaction of $60,000.00. Following the completion of the transaction, the director now directly owns 67,929 shares of the company’s stock, valued at $543,432. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas D. Senkbeil bought 25,200 shares of Spirit Realty Capital stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average price of $7.93 per share, with a total value of $199,836.00. Following the completion of the transaction, the director now directly owns 67,052 shares of the company’s stock, valued at $531,722.36. The disclosure for this purchase can be found here. 0.50% of the stock is owned by corporate insiders.

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About Spirit Realty Capital

Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.

Institutional Ownership by Quarter for Spirit Realty Capital (NYSE:SRC)

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