Nomura Asset Management Co. Ltd. Acquires 17,200 Shares of Spirit Realty Capital Inc (SRC)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Spirit Realty Capital Inc (NYSE:SRC) by 6.5% during the 1st quarter, HoldingsChannel reports. The fund owned 281,200 shares of the real estate investment trust’s stock after purchasing an additional 17,200 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Spirit Realty Capital were worth $2,182,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Spirit Realty Capital by 9.7% during 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 acquiring an additional 6,449 shares in the last quarter. Daiwa Securities Group Inc. raised its position in 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 valued at $452,000 after acquiring an additional 7,500 shares in the last quarter. Quantitative Systematic Strategies LLC raised its position in 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 valued at $561,000 after acquiring an additional 8,493 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in 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 valued at $658,000 after acquiring an additional 9,562 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in Spirit Realty Capital by 20.2% during the first quarter. Hsbc Holdings PLC now owns 61,890 shares of the real estate investment trust’s stock valued at $480,000 after acquiring an additional 10,419 shares in the last quarter. 93.34% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research report on Wednesday, May 9th. ValuEngine lowered shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. JPMorgan Chase & Co. cut their price objective on shares of Spirit Realty Capital from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 24th. Bank of America lowered shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Monday, February 26th. Finally, B. Riley reaffirmed a “buy” rating on shares of Spirit Realty Capital in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.08.

Spirit Realty Capital opened at $8.13 on Friday, MarketBeat Ratings reports. Spirit Realty Capital Inc has a 12 month low of $7.22 and a 12 month high of $8.84. The company has a market capitalization of $3.41 billion, a PE ratio of 9.56 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.86.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. Spirit Realty Capital had a net margin of 14.21% and a return on equity of 3.53%. The company had revenue of $165.30 million for the quarter, compared to analyst estimates of $165.12 million. During the same quarter last year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. analysts predict that Spirit Realty Capital Inc will post 0.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date is Thursday, June 28th. Spirit Realty Capital’s dividend payout ratio is 84.71%.

Spirit Realty Capital Profile

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease real estate investment trust (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 and office properties providing superior risk adjusted returns and steady dividend growth for our stockholders.

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

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