OMERS ADMINISTRATION Corp Invests $691,000 in Spirit MTA REIT (SMTA)

OMERS ADMINISTRATION Corp bought a new position in shares of Spirit MTA REIT (NYSE:SMTA) during the 2nd quarter, Holdings Channel reports. The fund bought 67,100 shares of the company’s stock, valued at approximately $691,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new stake in shares of Spirit MTA REIT during the 2nd quarter worth $105,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Spirit MTA REIT during the 2nd quarter worth $117,000. Eii Capital Management Inc. acquired a new position in shares of Spirit MTA REIT during the 2nd quarter worth $118,000. Cornerstone Wealth Management LLC acquired a new position in shares of Spirit MTA REIT during the 2nd quarter worth $1,152,000. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of Spirit MTA REIT during the 2nd quarter worth $124,000. Institutional investors own 88.88% of the company’s stock.

In related news, Director Jackson Hsieh sold 61,680 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $9.45, for a total value of $582,876.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ricardo Jonas Rodriguez bought 34,160 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The stock was purchased at an average cost of $10.15 per share, with a total value of $346,724.00. The disclosure for this purchase can be found here.

NYSE:SMTA opened at $10.51 on Monday. The company has a debt-to-equity ratio of 9.88, a quick ratio of 5.04 and a current ratio of 5.04. Spirit MTA REIT has a 52-week low of $8.90 and a 52-week high of $11.19.

The company also recently declared a special dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is 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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Institutional Ownership by Quarter for Spirit MTA REIT (NYSE:SMTA)

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