Schwab Charles Investment Management Inc. bought a new position in shares of Spirit MTA REIT (NYSE:SMTA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 336,100 shares of the company’s stock, valued at approximately $3,462,000. Schwab Charles Investment Management Inc. owned approximately 0.78% of Spirit MTA REIT as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC acquired a new position in Spirit MTA REIT during the second quarter worth approximately $105,000. Robeco Institutional Asset Management B.V. acquired a new position in Spirit MTA REIT during the second quarter worth approximately $117,000. Eii Capital Management Inc. acquired a new position in Spirit MTA REIT during the second quarter worth approximately $118,000. Cornerstone Wealth Management LLC acquired a new position in Spirit MTA REIT during the second quarter worth approximately $1,152,000. Finally, Clear Harbor Asset Management LLC acquired a new position in Spirit MTA REIT during the second quarter worth approximately $124,000. 88.93% of the stock is currently owned by institutional investors and hedge funds.
SMTA opened at $10.79 on Monday. Spirit MTA REIT has a 52 week low of $8.90 and a 52 week high of $11.61. The company has a debt-to-equity ratio of 9.88, a quick ratio of 5.04 and a current ratio of 5.04.
The company also recently declared a special dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, September 27th.
Spirit MTA REIT Profile
Spirit MTA REIT owns investments in a portfolio of primarily single-tenant properties in the United States. It has a portfolio of approximately 901 properties. The company would elect to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.
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