Traders Buy High Volume of Spirit Realty Capital Call Options (SRC)

Spirit Realty Capital (NYSE:SRC) was the target of some unusual options trading activity on Thursday. Stock traders acquired 5,475 call options on the company. This is an increase of 3,956% compared to the average daily volume of 135 call options.

NYSE SRC opened at $7.86 on Friday. Spirit Realty Capital has a 12 month low of $6.64 and a 12 month high of $10.46. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $3,622.10, a price-to-earnings ratio of 9.25 and a beta of 0.46.

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Spirit Realty Capital (NYSE:SRC) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.15). Spirit Realty Capital had a net margin of 11.53% and a return on equity of 2.84%. The company had revenue of $165.35 million for the quarter, compared to the consensus estimate of $166.69 million. During the same quarter last year, the company earned $0.21 earnings per share. The company’s revenue was down 4.6% compared to the same quarter last year. research analysts expect that Spirit Realty Capital will post 0.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.72 dividend on an annualized basis and a yield of 9.16%. Spirit Realty Capital’s dividend payout ratio (DPR) is 84.71%.

A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Capital One raised shares of Spirit Realty Capital from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Spirit Realty Capital from a “strong sell” rating to a “hold” rating in a report on Thursday, January 25th. SunTrust Banks raised shares of Spirit Realty Capital from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Spirit Realty Capital currently has a consensus rating of “Hold” and a consensus target price of $9.44.

In other news, Director Richard I. Gilchrist purchased 7,500 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was acquired at an average cost of $8.00 per share, with a total value of $60,000.00. Following the acquisition, the director now owns 67,929 shares in the company, valued at $543,432. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas D. Senkbeil purchased 25,200 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were purchased at an average cost of $7.93 per share, with a total value of $199,836.00. Following the completion of the acquisition, the director now owns 67,052 shares in the company, valued at approximately $531,722.36. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its position in shares of Spirit Realty Capital by 10.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,997,320 shares of the real estate investment trust’s stock worth $17,118,000 after buying an additional 196,753 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Spirit Realty Capital by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,298,760 shares of the real estate investment trust’s stock worth $62,548,000 after buying an additional 366,545 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Spirit Realty Capital by 13.6% in the 3rd quarter. California Public Employees Retirement System now owns 1,125,564 shares of the real estate investment trust’s stock worth $9,646,000 after buying an additional 135,118 shares during the last quarter. Sterling Capital Management LLC bought a new position in shares of Spirit Realty Capital in the 3rd quarter worth about $734,000. Finally, Pensionfund DSM Netherlands lifted its position in shares of Spirit Realty Capital by 40.4% in the 4th quarter. Pensionfund DSM Netherlands now owns 139,000 shares of the real estate investment trust’s stock worth $1,193,000 after buying an additional 40,000 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

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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 retail 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 shareholders.

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