Bank of Hawaii lifted its holdings in shares of Spirit Realty Capital Inc (NYSE:SRC) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,035 shares of the real estate investment trust’s stock after acquiring an additional 6,830 shares during the quarter. Bank of Hawaii’s holdings in Spirit Realty Capital were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of SRC. Fox Run Management L.L.C. bought a new position in shares of Spirit Realty Capital during the second quarter valued at $161,000. Nisa Investment Advisors LLC lifted its holdings in shares of Spirit Realty Capital by 12.3% during the second quarter. Nisa Investment Advisors LLC now owns 121,300 shares of the real estate investment trust’s stock valued at $974,000 after purchasing an additional 13,300 shares in the last quarter. Hartford Investment Management Co. bought a new position in shares of Spirit Realty Capital during the second quarter valued at $243,000. ARP Americas LP bought a new position in shares of Spirit Realty Capital during the second quarter valued at $447,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in shares of Spirit Realty Capital during the second quarter valued at $147,000. Institutional investors and hedge funds own 94.41% of the company’s stock.
SRC has been the topic of a number of research analyst reports. Zacks Investment Research raised Spirit Realty Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. ValuEngine downgraded Spirit Realty Capital from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. TheStreet upgraded Spirit Realty Capital from a “c” rating to a “b-” rating in a research report on Wednesday, August 8th. Finally, Bank of America upped their price objective on Spirit Realty Capital from $8.00 to $8.25 and gave the company a “neutral” rating in a research report on Monday, September 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Spirit Realty Capital currently has an average rating of “Hold” and an average target price of $8.71.
Spirit Realty Capital’s stock is set to reverse split on Thursday, December 13th. The 1-5 reverse split was announced on Tuesday, November 13th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, December 12th.
Spirit Realty Capital (NYSE:SRC) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $109.64 million during the quarter, compared to analysts’ expectations of $101.43 million. Spirit Realty Capital had a return on equity of 4.27% and a net margin of 20.95%. Spirit Realty Capital’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. As a group, research analysts anticipate that Spirit Realty Capital Inc will post 0.73 earnings per share for the current year.
In related news, CEO Jackson Hsieh sold 186,087 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $7.81, for a total transaction of $1,453,339.47. Following the completion of the sale, the chief executive officer now owns 1,153,557 shares in the company, valued at $9,009,280.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.
Spirit Realty Capital Profile
Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial, office and data center properties providing superior risk adjusted returns and steady dividend growth for our stockholders.
See Also: Intrinsic Value
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