Spirit Realty Capital, Inc. (NYSE:SRC) Shares Purchased by Morningstar Investment Services LLC

Morningstar Investment Services LLC increased its holdings in shares of Spirit Realty Capital, Inc. (NYSE:SRC – Get Rating) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 833,800 shares of the real estate investment trust’s stock after acquiring an additional 8,545 shares during the period. Morningstar Investment Services LLC owned approximately 0.60% of Spirit Realty Capital worth $33,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Spirit Realty Capital by 2.1% during the third quarter. Vanguard Group Inc. now owns 19,953,334 shares of the real estate investment trust’s stock worth $721,512,000 after acquiring an additional 407,901 shares during the period. State Street Corp grew its holdings in Spirit Realty Capital by 1.1% in the third quarter. State Street Corp now owns 7,366,517 shares of the real estate investment trust’s stock valued at $271,012,000 after purchasing an additional 83,735 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Spirit Realty Capital by 2.4% in the second quarter. Macquarie Group Ltd. now owns 3,867,697 shares of the real estate investment trust’s stock valued at $146,127,000 after purchasing an additional 91,039 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in Spirit Realty Capital by 12.3% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,502,845 shares of the real estate investment trust’s stock valued at $99,939,000 after purchasing an additional 274,486 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Spirit Realty Capital by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,874,172 shares of the real estate investment trust’s stock valued at $74,836,000 after purchasing an additional 14,088 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Spirit Realty Capital Trading Up 0.7 %

NYSE SRC traded up $0.28 during trading hours on Friday, hitting $38.11. 132,173 shares of the company’s stock were exchanged, compared to its average volume of 786,741. The business’s 50 day moving average is $38.44 and its 200-day moving average is $40.40. Spirit Realty Capital, Inc. has a 12-month low of $34.31 and a 12-month high of $44.93. The firm has a market capitalization of $5.38 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 5.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.31 and a current ratio of 0.31.

Spirit Realty Capital (NYSE:SRC – Get Rating) last released its earnings results on Tuesday, February 28th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.38). Spirit Realty Capital had a return on equity of 7.42% and a net margin of 44.28%. The business had revenue of $183.39 million for the quarter, compared to analysts’ expectations of $184.95 million. As a group, analysts anticipate that Spirit Realty Capital, Inc. will post 3.44 EPS for the current fiscal year.

Spirit Realty Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.663 dividend. The ex-dividend date is Thursday, June 29th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 6.96%. Spirit Realty Capital’s dividend payout ratio (DPR) is currently 116.23%.

Analysts Set New Price Targets

SRC has been the topic of several research reports. StockNews.com initiated coverage on Spirit Realty Capital in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Stifel Nicolaus reduced their price objective on Spirit Realty Capital from $48.00 to $45.50 in a research report on Thursday, May 4th. JMP Securities reduced their price objective on Spirit Realty Capital from $49.00 to $45.00 and set a “market outperform” rating on the stock in a research report on Tuesday, March 21st. Finally, Oppenheimer restated a “market perform” rating and issued a $38.00 price objective on shares of Spirit Realty Capital in a research report on Tuesday, March 7th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.15.

Spirit Realty Capital Profile

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