Keeley Teton Advisors LLC lessened its stake in shares of Spirit Realty Capital, Inc (NYSE:SRC) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,922 shares of the real estate investment trust’s stock after selling 9,875 shares during the period. Keeley Teton Advisors LLC’s holdings in Spirit Realty Capital were worth $720,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in SRC. Schwab Charles Investment Management Inc. boosted its stake in Spirit Realty Capital by 10.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,997,320 shares of the real estate investment trust’s stock valued at $17,118,000 after buying an additional 196,753 shares during the period. Gruss Capital Management LP lifted its position in Spirit Realty Capital by 56.1% during the third quarter. Gruss Capital Management LP now owns 7,375,000 shares of the real estate investment trust’s stock valued at $63,204,000 after buying an additional 2,650,000 shares in the last quarter. California Public Employees Retirement System lifted its position in Spirit Realty Capital by 13.6% during the third quarter. California Public Employees Retirement System now owns 1,125,564 shares of the real estate investment trust’s stock valued at $9,646,000 after buying an additional 135,118 shares in the last quarter. Legal & General Group Plc lifted its position in Spirit Realty Capital by 11.6% during the third quarter. Legal & General Group Plc now owns 1,546,458 shares of the real estate investment trust’s stock valued at $13,252,000 after buying an additional 160,237 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in Spirit Realty Capital during the third quarter valued at approximately $491,000. Institutional investors own 91.81% of the company’s stock.
A number of research analysts have weighed in on SRC shares. SunTrust Banks raised shares of Spirit Realty Capital from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. B. Riley set a $9.00 price target on shares of Spirit Realty Capital and gave the company a “buy” rating in a report on Tuesday, January 16th. Mizuho reiterated a “buy” rating and set a $9.50 target price on shares of Spirit Realty Capital in a research note 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 note on Wednesday, January 24th. Finally, Morgan Stanley lowered their target price on shares of Spirit Realty Capital from $8.75 to $8.25 and set an “equal weight” rating for the company in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.44.
Spirit Realty Capital stock traded up $0.01 during trading on Monday, hitting $8.01. 1,715,192 shares of the stock traded hands, compared to its average volume of 5,560,359. The company has a market capitalization of $3,590.68, a price-to-earnings ratio of 50.00 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.15. Spirit Realty Capital, Inc has a fifty-two week low of $6.64 and a fifty-two week high of $10.60.
Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15). The firm had revenue of $165.35 million for the quarter, compared to the consensus estimate of $166.69 million. Spirit Realty Capital had a return on equity of 2.84% and a net margin of 11.53%. The firm’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. research analysts expect that Spirit Realty Capital, Inc will post 0.82 earnings per share for the current year.
The company also recently declared 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 annualized dividend and a dividend yield of 8.99%. Spirit Realty Capital’s dividend payout ratio is currently 450.03%.
In related news, Director Richard I. Gilchrist bought 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was purchased at an average price of $8.00 per share, for a total transaction of $60,000.00. Following the transaction, the director now directly owns 67,929 shares of the company’s stock, valued at approximately $543,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas D. Senkbeil bought 25,200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was bought at an average price of $7.93 per share, with a total value of $199,836.00. Following the transaction, the director now directly owns 67,052 shares in the company, valued at $531,722.36. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.
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Spirit Realty Capital Company Profile
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.
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