Spirit Realty Capital Inc (NYSE:SRC) Shares Sold by Strs Ohio

Strs Ohio lessened its position in Spirit Realty Capital Inc (NYSE:SRC) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,663 shares of the real estate investment trust’s stock after selling 7,395 shares during the period. Strs Ohio owned about 0.13% of Spirit Realty Capital worth $5,019,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SRC. Osborn Williams & Donohoe LLC acquired a new position in shares of Spirit Realty Capital in the first quarter valued at approximately $25,000. Pinnacle Financial Partners Inc. acquired a new position in shares of Spirit Realty Capital in the first quarter valued at approximately $44,000. Advisory Services Network LLC raised its position in shares of Spirit Realty Capital by 43.9% in the first quarter. Advisory Services Network LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 500 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Spirit Realty Capital in the first quarter valued at approximately $111,000. Finally, Ellis Investment Partners LLC acquired a new position in shares of Spirit Realty Capital in the first quarter valued at approximately $114,000. 89.55% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Jay Young sold 10,648 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $45.79, for a total transaction of $487,571.92. Following the completion of the transaction, the executive vice president now owns 18,890 shares of the company’s stock, valued at $864,973.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.92% of the company’s stock.

A number of research firms have recently weighed in on SRC. JPMorgan Chase & Co. boosted their price objective on shares of Spirit Realty Capital from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. Deutsche Bank lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Zacks Investment Research raised shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Finally, Morgan Stanley raised shares of Spirit Realty Capital from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $49.00 in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $43.75.

Shares of SRC stock opened at $46.15 on Friday. Spirit Realty Capital Inc has a one year low of $33.86 and a one year high of $46.56. The company has a quick ratio of 0.42, a current ratio of 0.36 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $44.12. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 12.21 and a beta of 0.42.

Spirit Realty Capital (NYSE:SRC) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.49 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.33). Spirit Realty Capital had a return on equity of 6.54% and a net margin of 37.11%. The company had revenue of $115.70 million for the quarter, compared to analyst estimates of $108.48 million. During the same period last year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Sell-side analysts anticipate that Spirit Realty Capital Inc will post 3.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 5.42%. The ex-dividend date was Thursday, June 27th. Spirit Realty Capital’s dividend payout ratio (DPR) is 66.14%.

Spirit Realty Capital Company 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.

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

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