Two Sigma Investments LP increased its position in Spirit Realty Capital, Inc (NYSE:SRC) by 40.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,878,344 shares of the real estate investment trust’s stock after buying an additional 1,400,143 shares during the period. Two Sigma Investments LP’s holdings in Spirit Realty Capital were worth $41,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Centaurus Financial Inc. bought a new position in Spirit Realty Capital in the 4th quarter worth $101,000. Brown Advisory Inc. bought a new position in Spirit Realty Capital in the 4th quarter worth $126,000. Ffcm LLC raised its holdings in Spirit Realty Capital by 214.0% in the 4th quarter. Ffcm LLC now owns 15,761 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 10,741 shares during the period. Advisors Asset Management Inc. raised its holdings in Spirit Realty Capital by 122.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 18,571 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 10,241 shares during the period. Finally, Ibex Wealth Advisors bought a new position in shares of Spirit Realty Capital during the 4th quarter worth about $164,000. Hedge funds and other institutional investors own 92.01% of the company’s stock.
Spirit Realty Capital, Inc (SRC) opened at $7.96 on Wednesday. Spirit Realty Capital, Inc has a 12-month low of $6.64 and a 12-month high of $10.60. The stock has a market cap of $3,577.22, a P/E ratio of 49.75 and a beta of 0.46. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.60 and a current ratio of 0.60.
Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.15). Spirit Realty Capital had a return on equity of 2.84% and a net margin of 11.53%. The company had revenue of $165.35 million for the quarter, compared to analyst estimates of $166.69 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. Spirit Realty Capital’s revenue for the quarter was down 4.6% on a year-over-year basis. research analysts anticipate that Spirit Realty Capital, Inc will post 0.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.05%. Spirit Realty Capital’s payout ratio is 450.03%.
SRC has been the topic of several research reports. B. Riley set a $9.00 price objective on shares of Spirit Realty Capital and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Mizuho reiterated a “buy” rating and set a $9.50 target price on shares of Spirit Realty Capital in a research report on Thursday, December 21st. Capital One Financial upgraded shares of Spirit Realty Capital from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Morgan Stanley decreased their target price on shares of Spirit Realty Capital from $8.75 to $8.25 and set an “equal weight” rating on the stock in a research report on Monday, February 5th. Twelve equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Spirit Realty Capital currently has a consensus rating of “Hold” and an average target price of $9.44.
In other Spirit Realty Capital news, Director Thomas D. Senkbeil purchased 25,200 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was acquired at an average cost of $7.93 per share, with a total value of $199,836.00. Following the completion of the purchase, the director now directly owns 67,052 shares in the company, valued at approximately $531,722.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/03/14/spirit-realty-capital-inc-src-position-lifted-by-two-sigma-investments-lp.html.
About Spirit Realty Capital
Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.
Want to see what other hedge funds are holding SRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit Realty Capital, Inc (NYSE:SRC).
Receive News & Ratings for Spirit Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.