Global X Management Co LLC Has $10.09 Million Stake in Spirit Realty Capital Inc (SRC)

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Global X Management Co LLC raised its position in Spirit Realty Capital Inc (NYSE:SRC) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,256,702 shares of the real estate investment trust’s stock after acquiring an additional 10,779 shares during the period. Global X Management Co LLC owned about 0.29% of Spirit Realty Capital worth $10,091,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its stake in shares of Spirit Realty Capital by 41.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,597,028 shares of the real estate investment trust’s stock valued at $28,885,000 after purchasing an additional 1,056,325 shares during the period. First Trust Advisors LP grew its stake in shares of Spirit Realty Capital by 11.5% in the 2nd quarter. First Trust Advisors LP now owns 272,082 shares of the real estate investment trust’s stock valued at $2,185,000 after purchasing an additional 28,168 shares during the period. Chicago Equity Partners LLC grew its stake in shares of Spirit Realty Capital by 4,549.1% in the 2nd quarter. Chicago Equity Partners LLC now owns 1,450,520 shares of the real estate investment trust’s stock valued at $11,648,000 after purchasing an additional 1,419,320 shares during the period. Kestrel Investment Management Corp grew its stake in shares of Spirit Realty Capital by 38.2% in the 2nd quarter. Kestrel Investment Management Corp now owns 1,049,200 shares of the real estate investment trust’s stock valued at $8,425,000 after purchasing an additional 289,900 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Spirit Realty Capital by 2.8% in the 2nd quarter. California Public Employees Retirement System now owns 1,348,031 shares of the real estate investment trust’s stock valued at $10,825,000 after purchasing an additional 36,540 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on SRC. Zacks Investment Research lowered Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Friday. Bank of America upped their price objective on Spirit Realty Capital from $8.00 to $8.25 and gave the company a “neutral” rating in a research note on Monday, September 10th. ValuEngine lowered Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. TheStreet upgraded Spirit Realty Capital from a “c” rating to a “b-” rating in a research note on Wednesday, August 8th. Finally, BTIG Research lowered Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, June 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Spirit Realty Capital has an average rating of “Hold” and a consensus price target of $9.00.

NYSE SRC traded down $0.06 during trading hours on Friday, reaching $7.47. 4,814,137 shares of the company’s stock were exchanged, compared to its average volume of 5,588,963. The firm has a market cap of $3.45 billion, a PE ratio of 8.79 and a beta of 0.42. Spirit Realty Capital Inc has a one year low of $7.34 and a one year high of $8.84. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.53 and a quick ratio of 0.53.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.11). The business had revenue of $98.24 million for the quarter, compared to the consensus estimate of $104.88 million. Spirit Realty Capital had a return on equity of 3.42% and a net margin of 14.77%. As a group, equities analysts expect that Spirit Realty Capital Inc will post 0.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a $0.125 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.50 dividend on an annualized basis and a yield of 6.69%. Spirit Realty Capital’s payout ratio is 58.82%.

Spirit Realty Capital Company 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 providing superior risk adjusted returns and steady dividend growth for our stockholders.

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

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