Public Employees Retirement System of Ohio lessened its stake in shares of Spirit Realty Capital Inc (NYSE:SRC) by 39.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 160,592 shares of the real estate investment trust’s stock after selling 105,722 shares during the period. Public Employees Retirement System of Ohio’s holdings in Spirit Realty Capital were worth $1,290,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of SRC. FMR LLC increased its holdings in Spirit Realty Capital by 30.8% during the 2nd quarter. FMR LLC now owns 55,511,319 shares of the real estate investment trust’s stock valued at $445,756,000 after purchasing an additional 13,075,802 shares in the last quarter. HG Vora Capital Management LLC acquired a new stake in Spirit Realty Capital during the 1st quarter valued at $65,960,000. Renaissance Technologies LLC increased its holdings in Spirit Realty Capital by 168.8% during the 2nd quarter. Renaissance Technologies LLC now owns 8,029,500 shares of the real estate investment trust’s stock valued at $64,477,000 after purchasing an additional 5,042,600 shares in the last quarter. LSV Asset Management increased its holdings in Spirit Realty Capital by 85.6% during the 2nd quarter. LSV Asset Management now owns 6,724,100 shares of the real estate investment trust’s stock valued at $53,994,000 after purchasing an additional 3,102,012 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Spirit Realty Capital by 2,295.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,352,084 shares of the real estate investment trust’s stock valued at $18,911,000 after purchasing an additional 2,253,884 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.
SRC has been the subject of a number of recent analyst reports. ValuEngine cut Spirit Realty Capital from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Zacks Investment Research raised Spirit Realty Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Bank of America raised their price target on Spirit Realty Capital from $8.00 to $8.25 and gave the company a “neutral” rating in a report on Monday, September 10th. BTIG Research cut Spirit Realty Capital from a “buy” rating to a “neutral” rating in a report on Thursday, June 21st. Finally, TheStreet raised Spirit Realty Capital from a “c” rating to a “b-” rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $9.00.
NYSE SRC opened at $7.47 on Friday. The firm has a market capitalization of $3.45 billion, a PE ratio of 8.79 and a beta of 0.42. Spirit Realty Capital Inc has a 52 week low of $7.34 and a 52 week high of $8.84. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.69.
Spirit Realty Capital (NYSE:SRC) last released its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.11). The firm had revenue of $98.24 million during the quarter, compared to analyst estimates of $104.88 million. Spirit Realty Capital had a net margin of 14.77% and a return on equity of 3.42%. As a group, equities research analysts expect that Spirit Realty Capital Inc will post 0.73 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.125 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.50 annualized dividend and a dividend yield of 6.69%. Spirit Realty Capital’s dividend payout ratio (DPR) is currently 58.82%.
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 providing superior risk adjusted returns and steady dividend growth for our stockholders.
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