Chicago Equity Partners LLC increased its position in shares of Spirit Realty Capital Inc (NYSE:SRC) by 95.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,200 shares of the real estate investment trust’s stock after acquiring an additional 15,200 shares during the quarter. Chicago Equity Partners LLC’s holdings in Spirit Realty Capital were worth $242,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of SRC. Centaurus Financial Inc. purchased a new position in Spirit Realty Capital during the fourth quarter valued at $101,000. Brown Advisory Inc. acquired a new stake in shares of Spirit Realty Capital in the fourth quarter valued at about $126,000. Ffcm LLC raised its position in shares of Spirit Realty Capital by 214.0% in the fourth quarter. Ffcm LLC now owns 15,761 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 10,741 shares during the last quarter. Ibex Wealth Advisors acquired a new stake in shares of Spirit Realty Capital in the fourth quarter valued at about $164,000. Finally, Lourd Capital LLC acquired a new stake in Spirit Realty Capital during the fourth quarter worth about $206,000. Institutional investors and hedge funds own 93.34% of the company’s stock.
NYSE:SRC traded up $0.18 during trading hours on Thursday, hitting $8.13. The stock had a trading volume of 6,755,800 shares, compared to its average volume of 6,228,058. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 9.56 and a beta of 0.48. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.25. Spirit Realty Capital Inc has a 1-year low of $7.22 and a 1-year high of $8.84.
Spirit Realty Capital (NYSE:SRC) last released its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Spirit Realty Capital had a return on equity of 3.53% and a net margin of 14.21%. The company had revenue of $165.30 million during the quarter, compared to analysts’ expectations of $165.12 million. During the same period in the prior year, the business posted $0.20 EPS. The business’s revenue was down .1% on a year-over-year basis. equities analysts anticipate that Spirit Realty Capital Inc will post 0.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 8.86%. The ex-dividend date is Thursday, June 28th. Spirit Realty Capital’s dividend payout ratio is presently 84.71%.
Several research analysts have recently commented on SRC shares. ValuEngine lowered shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. B. Riley reiterated a “buy” rating on shares of Spirit Realty Capital in a research note on Thursday, February 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Spirit Realty Capital from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, April 24th. Zacks Investment Research cut shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a report on Thursday, March 15th. Finally, Bank of America lowered shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $9.08.
About Spirit Realty Capital
Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease real estate investment trust (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 and office properties providing superior risk adjusted returns and steady dividend growth for our stockholders.
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