Renaissance Technologies LLC cut its position in Spirit Realty Capital, Inc (NYSE:SRC) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,134,600 shares of the real estate investment trust’s stock after selling 1,779,300 shares during the period. Renaissance Technologies LLC owned about 1.35% of Spirit Realty Capital worth $52,635,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. raised its holdings in Spirit Realty Capital by 11.3% in the third quarter. Pacer Advisors Inc. now owns 75,626 shares of the real estate investment trust’s stock worth $648,000 after purchasing an additional 7,708 shares during the period. Advisors Asset Management Inc. raised its holdings in Spirit Realty Capital by 122.9% in the third quarter. Advisors Asset Management Inc. now owns 18,571 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 10,241 shares during the period. Ffcm LLC raised its holdings in Spirit Realty Capital by 214.0% in the fourth quarter. Ffcm LLC now owns 15,761 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 10,741 shares during the period. Centaurus Financial Inc. acquired a new stake in Spirit Realty Capital in the fourth quarter worth $101,000. Finally, Brown Advisory Inc. acquired a new stake in Spirit Realty Capital in the fourth quarter worth $126,000. Institutional investors own 92.01% of the company’s stock.
Several equities research analysts have weighed in on SRC shares. B. Riley set a $9.00 target price on shares of Spirit Realty Capital and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Mizuho reissued a “buy” rating and set a $9.50 price objective on shares of Spirit Realty Capital in a research report on Thursday, December 21st. Capital One Financial raised shares of Spirit Realty Capital from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Morgan Stanley lowered their price objective on shares of Spirit Realty Capital from $8.75 to $8.25 and set an “equal weight” rating for the company in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Spirit Realty Capital has an average rating of “Hold” and an average target price of $9.44.
In other Spirit Realty Capital news, 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 acquired at an average price of $7.93 per share, with a total value of $199,836.00. Following the completion of the transaction, the director now owns 67,052 shares in the company, valued at $531,722.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.
Shares of Spirit Realty Capital, Inc (NYSE SRC) opened at $7.99 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.15. Spirit Realty Capital, Inc has a 12-month low of $6.64 and a 12-month high of $10.60. The stock has a market cap of $3,572.73, a price-to-earnings ratio of 9.36 and a beta of 0.46.
Spirit Realty Capital (NYSE:SRC) last released its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). The business had revenue of $165.35 million during the quarter, compared to the consensus estimate of $166.69 million. Spirit Realty Capital had a net margin of 11.53% and a return on equity of 2.84%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. research analysts expect that Spirit Realty Capital, Inc will post 0.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 9.01%. The ex-dividend date is Wednesday, March 28th. Spirit Realty Capital’s dividend payout ratio (DPR) is currently 450.03%.
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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