Public Employees Retirement System of Ohio Raises Stock Position in Spirit Realty Capital Inc (NYSE:SRC)

Public Employees Retirement System of Ohio increased its holdings in shares of Spirit Realty Capital Inc (NYSE:SRC) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,584 shares of the real estate investment trust’s stock after purchasing an additional 2,259 shares during the period. Public Employees Retirement System of Ohio’s holdings in Spirit Realty Capital were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Advisory Services Network LLC grew its position in Spirit Realty Capital by 43.9% during the first quarter. Advisory Services Network LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 500 shares during the period. Pictet Asset Management Ltd. grew its position in shares of Spirit Realty Capital by 34.4% in the first quarter. Pictet Asset Management Ltd. now owns 14,755 shares of the real estate investment trust’s stock valued at $586,000 after purchasing an additional 3,777 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Spirit Realty Capital by 88.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 98,412 shares of the real estate investment trust’s stock worth $4,198,000 after buying an additional 46,101 shares in the last quarter. FDx Advisors Inc. lifted its stake in shares of Spirit Realty Capital by 120.4% in the second quarter. FDx Advisors Inc. now owns 29,618 shares of the real estate investment trust’s stock worth $1,264,000 after buying an additional 16,182 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Spirit Realty Capital by 15.3% in the second quarter. State of Alaska Department of Revenue now owns 43,205 shares of the real estate investment trust’s stock worth $1,842,000 after buying an additional 5,745 shares in the last quarter.

SRC stock traded up $0.06 during trading on Thursday, reaching $47.52. 9,337 shares of the stock were exchanged, compared to its average volume of 762,821. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $46.32 and a 200-day moving average price of $42.86. Spirit Realty Capital Inc has a 1 year low of $33.86 and a 1 year high of $48.59. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 12.57 and a beta of 0.39.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.33). The company had revenue of $115.70 million during the quarter, compared to analysts’ expectations of $108.48 million. Spirit Realty Capital had a net margin of 37.11% and a return on equity of 6.54%. Spirit Realty Capital’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. On average, research analysts anticipate that Spirit Realty Capital Inc will post 3.14 EPS for the current year.

The firm also recently disclosed a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.625 dividend. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, September 27th. Spirit Realty Capital’s dividend payout ratio (DPR) is currently 66.14%.

In related news, EVP Jay Young sold 10,648 shares of Spirit Realty Capital stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $45.79, for a total value of $487,571.92. Following the completion of the transaction, the executive vice president now owns 18,890 shares in the company, valued at $864,973.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.92% of the company’s stock.

SRC has been the topic of several research reports. Zacks Investment Research raised shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Morgan Stanley raised their price target on shares of Spirit Realty Capital from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday. ValuEngine downgraded shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Stifel Nicolaus initiated coverage on shares of Spirit Realty Capital in a research note on Thursday, August 29th. They issued a “buy” rating and a $51.50 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Spirit Realty Capital from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $45.70.

Spirit Realty Capital Profile

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease 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, office and data center properties.

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

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