California Public Employees Retirement System Purchases Shares of 87,461 Spirit MTA REIT (SMTA)

California Public Employees Retirement System purchased a new position in shares of Spirit MTA REIT (NYSE:SMTA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 87,461 shares of the company’s stock, valued at approximately $901,000. California Public Employees Retirement System owned 0.20% of Spirit MTA REIT at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SMTA. Commonwealth Equity Services LLC purchased a new position in Spirit MTA REIT in the 2nd quarter valued at about $105,000. NumerixS Investment Technologies Inc purchased a new position in Spirit MTA REIT in the 2nd quarter valued at about $114,000. Robeco Institutional Asset Management B.V. purchased a new position in Spirit MTA REIT in the 2nd quarter valued at about $117,000. Eii Capital Management Inc. purchased a new position in Spirit MTA REIT in the 2nd quarter valued at about $118,000. Finally, Clear Harbor Asset Management LLC purchased a new position in Spirit MTA REIT in the 2nd quarter valued at about $124,000. 88.94% of the stock is owned by hedge funds and other institutional investors.

NYSE:SMTA opened at $10.79 on Friday. The company has a debt-to-equity ratio of 9.88, a current ratio of 5.04 and a quick ratio of 5.04. Spirit MTA REIT has a 1-year low of $8.90 and a 1-year high of $11.61.

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About Spirit MTA REIT

Spirit MTA REIT owns investments in a portfolio of primarily single-tenant properties in the United States. It has a portfolio of approximately 901 properties. The company would elect to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.

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Institutional Ownership by Quarter for Spirit MTA REIT (NYSE:SMTA)

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