Virginia Retirement Systems ET AL reduced its holdings in Spirit MTA REIT (NYSE:SMTA) by 53.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,670 shares of the company’s stock after selling 23,910 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Spirit MTA REIT were worth $238,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new position in Spirit MTA REIT in the second quarter valued at approximately $42,953,000. FMR LLC bought a new position in Spirit MTA REIT in the second quarter valued at approximately $39,825,000. Scopia Capital Management LP bought a new position in Spirit MTA REIT in the second quarter valued at approximately $24,854,000. Newtyn Management LLC bought a new position in Spirit MTA REIT in the second quarter valued at approximately $17,768,000. Finally, V3 Capital Management L.P. bought a new position in Spirit MTA REIT in the second quarter valued at approximately $8,476,000. Institutional investors own 84.34% of the company’s stock.
SMTA stock opened at $9.85 on Thursday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 11.01. Spirit MTA REIT has a twelve month low of $8.90 and a twelve month high of $11.61.
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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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