Public Employees Retirement Association of Colorado boosted its holdings in Spirit MTA REIT (NYSE:SMTA) by 73.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,583 shares of the company’s stock after purchasing an additional 5,328 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Spirit MTA REIT were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new position in Spirit MTA REIT in the second quarter valued at $139,000. Victory Capital Management Inc. bought a new position in shares of Spirit MTA REIT in the 2nd quarter valued at about $2,152,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Spirit MTA REIT in the 2nd quarter valued at about $615,000. OMERS ADMINISTRATION Corp bought a new position in shares of Spirit MTA REIT in the 2nd quarter valued at about $691,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in shares of Spirit MTA REIT in the 2nd quarter valued at about $269,000. 88.87% of the stock is owned by institutional investors and hedge funds.
Shares of SMTA opened at $10.87 on Friday. Spirit MTA REIT has a one year low of $8.90 and a one year high of $11.61. The company has a debt-to-equity ratio of 9.88, a current ratio of 5.04 and a quick ratio of 5.04.
The company also recently disclosed a special dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, September 27th.
About Spirit MTA REIT
Spirit MTA REIT owns investments in a portfolio of primarily single-tenant properties in the United States. It has a portfolio of approximately 901 properties. The company would elect to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.
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