Securian Asset Management Inc purchased a new position in Spirit Realty Capital Inc (NYSE:SRC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 77,300 shares of the real estate investment trust’s stock, valued at approximately $621,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SRC. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Spirit Realty Capital by 9.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 73,039 shares of the real estate investment trust’s stock valued at $567,000 after buying an additional 6,449 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Spirit Realty Capital by 14.8% during the first quarter. Daiwa Securities Group Inc. now owns 58,300 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 7,500 shares during the period. Quantitative Systematic Strategies LLC increased its stake in shares of Spirit Realty Capital by 13.3% during the first quarter. Quantitative Systematic Strategies LLC now owns 72,344 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 8,493 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Spirit Realty Capital by 12.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 84,820 shares of the real estate investment trust’s stock worth $658,000 after buying an additional 9,562 shares during the period. Finally, Keeley Teton Advisors LLC increased its stake in shares of Spirit Realty Capital by 12.2% during the first quarter. Keeley Teton Advisors LLC now owns 94,202 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 10,280 shares during the period. 91.24% of the stock is owned by institutional investors.

Several equities analysts have commented on the stock. ValuEngine upgraded shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. BTIG Research lowered shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, June 21st. Bank of America raised their target price on shares of Spirit Realty Capital from $8.00 to $8.25 and gave the stock a “neutral” rating in a research report on Monday, September 10th. TheStreet upgraded shares of Spirit Realty Capital from a “c” rating to a “b-” rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $9.00.

Spirit Realty Capital stock traded down $0.11 during midday trading on Friday, reaching $8.22. The company’s stock had a trading volume of 4,249,099 shares, compared to its average volume of 3,657,057. The company has a market cap of $3.55 billion, a P/E ratio of 9.64 and a beta of 0.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 0.53. Spirit Realty Capital Inc has a fifty-two week low of $7.34 and a fifty-two week high of $8.84.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). The firm had revenue of $98.24 million for the quarter, compared to analyst estimates of $104.88 million. Spirit Realty Capital had a return on equity of 3.42% and a net margin of 14.77%. sell-side analysts predict that Spirit Realty Capital Inc will post 0.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend is Thursday, September 27th. Spirit Realty Capital’s dividend payout ratio is presently 84.71%.

About Spirit Realty Capital

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.

See Also: Earnings Per Share (EPS) Explained

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

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