Commonwealth Equity Services LLC Acquires 423 Shares of Spirit Realty Capital, Inc. (NYSE:SRC)

Commonwealth Equity Services LLC boosted its position in Spirit Realty Capital, Inc. (NYSE:SRC) by 2.3% during the 2nd quarter, Holdings Channel reports. The fund owned 18,740 shares of the real estate investment trust’s stock after buying an additional 423 shares during the period. Commonwealth Equity Services LLC’s holdings in Spirit Realty Capital were worth $896,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. raised its stake in shares of Spirit Realty Capital by 143.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 152,138 shares of the real estate investment trust’s stock worth $6,045,000 after purchasing an additional 89,560 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Spirit Realty Capital by 22.2% during the first quarter. Teacher Retirement System of Texas now owns 11,488 shares of the real estate investment trust’s stock valued at $488,000 after acquiring an additional 2,084 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Spirit Realty Capital in the first quarter worth $118,000. Panagora Asset Management Inc. increased its position in Spirit Realty Capital by 95.1% in the first quarter. Panagora Asset Management Inc. now owns 5,774 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 2,814 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Spirit Realty Capital by 3.2% in the first quarter. Geode Capital Management LLC now owns 1,679,644 shares of the real estate investment trust’s stock worth $71,384,000 after buying an additional 51,499 shares during the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.

Shares of SRC opened at $48.45 on Thursday. The firm has a market cap of $5.77 billion, a PE ratio of 46.14, a P/E/G ratio of 2.91 and a beta of 1.28. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $49.69 and a two-hundred day simple moving average of $48.11. Spirit Realty Capital, Inc. has a 1-year low of $29.40 and a 1-year high of $52.29.

Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Tuesday, August 3rd. The real estate investment trust reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $164.45 million during the quarter, compared to analyst estimates of $136.69 million. Spirit Realty Capital had a net margin of 23.87% and a return on equity of 3.84%. As a group, research analysts forecast that Spirit Realty Capital, Inc. will post 3.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be paid a dividend of $0.638 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This is a positive change from Spirit Realty Capital’s previous quarterly dividend of $0.63. This represents a $2.55 dividend on an annualized basis and a yield of 5.27%. Spirit Realty Capital’s payout ratio is currently 86.44%.

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Spirit Realty Capital from $48.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, June 22nd. Morgan Stanley lifted their price target on Spirit Realty Capital from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 7th. Jefferies Financial Group set a $48.63 price objective on Spirit Realty Capital and gave the stock a “buy” rating in a report on Friday, July 16th. Zacks Investment Research downgraded Spirit Realty Capital from a “buy” rating to a “hold” rating in a report on Thursday, October 7th. Finally, TheStreet upgraded Spirit Realty Capital from a “c+” rating to a “b” rating in a report on Monday, August 9th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.15.

In related news, Director Michelle M. Frymire acquired 2,386 shares of Spirit Realty Capital stock in a transaction dated Wednesday, September 8th. The stock was purchased at an average cost of $51.00 per share, for a total transaction of $121,686.00. Following the purchase, the director now directly owns 4,772 shares of the company’s stock, valued at approximately $243,372. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Spirit Realty Capital Profile

Spirit Realty Capital, Inc operates as a holding company. Its in-house capabilities include acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting and capital markets. The company was founded on August 14, 2003 and is headquartered in Dallas, TX.

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

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