Nomura Asset Management Co. Ltd. Has $1.98 Million Holdings in Spirit Realty Capital Inc (SRC)

Nomura Asset Management Co. Ltd. lowered its position in Spirit Realty Capital Inc (NYSE:SRC) by 79.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,180 shares of the real estate investment trust’s stock after selling 214,720 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Spirit Realty Capital were worth $1,980,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC acquired a new stake in shares of Spirit Realty Capital in the fourth quarter valued at about $1,324,000. Quantum Capital Management acquired a new stake in shares of Spirit Realty Capital in the fourth quarter valued at about $804,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Spirit Realty Capital in the fourth quarter valued at about $38,319,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Spirit Realty Capital in the fourth quarter valued at about $554,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of Spirit Realty Capital by 129.0% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 501,501 shares of the real estate investment trust’s stock valued at $17,677,000 after purchasing an additional 282,497 shares during the period. 90.40% of the stock is owned by institutional investors and hedge funds.

Shares of SRC opened at $37.71 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.78. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 9.98 and a beta of 0.52. Spirit Realty Capital Inc has a 12-month low of $33.86 and a 12-month high of $44.20.

Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $129.48 million during the quarter, compared to analysts’ expectations of $107.01 million. Spirit Realty Capital had a net margin of 26.05% and a return on equity of 5.16%. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 earnings per share. As a group, research analysts anticipate that Spirit Realty Capital Inc will post 3.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.50 dividend on an annualized basis and a yield of 6.63%. This is a boost from Spirit Realty Capital’s previous quarterly dividend of $0.13. Spirit Realty Capital’s payout ratio is presently 66.14%.

Several brokerages recently commented on SRC. Bank of America cut shares of Spirit Realty Capital from a “neutral” rating to an “underperform” rating and set a $40.00 price objective for the company. in a research note on Thursday, November 15th. Zacks Investment Research upgraded shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Friday, December 14th. ValuEngine upgraded shares of Spirit Realty Capital from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 13th. Mizuho upgraded shares of Spirit Realty Capital to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, January 23rd. Finally, Raymond James cut shares of Spirit Realty Capital from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.38.

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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.

Read More: Sell-Side Analysts

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

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