Oppenheimer & Co. Inc. bought a new stake in shares of Spirit Realty Capital, Inc. (NYSE:SRC) during the first quarter, according to its most recent 13F filing with the SEC. The firm bought 21,833 shares of the real estate investment trust’s stock, valued at approximately $221,000.

A number of other institutional investors also recently bought and sold shares of SRC. Vanguard Group Inc. boosted its stake in shares of Spirit Realty Capital by 2.6% in the first quarter. Vanguard Group Inc. now owns 76,711,434 shares of the real estate investment trust’s stock worth $777,087,000 after buying an additional 1,910,294 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Spirit Realty Capital by 0.8% in the first quarter. Principal Financial Group Inc. now owns 15,968,716 shares of the real estate investment trust’s stock worth $161,945,000 after buying an additional 120,915 shares during the period. Prudential Financial Inc. boosted its stake in shares of Spirit Realty Capital by 3,886.7% in the first quarter. Prudential Financial Inc. now owns 7,934,149 shares of the real estate investment trust’s stock worth $80,373,000 after buying an additional 7,735,135 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Spirit Realty Capital by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,580,236 shares of the real estate investment trust’s stock worth $66,656,000 after buying an additional 133,962 shares during the period. Finally, Presima Inc. boosted its stake in shares of Spirit Realty Capital by 15.8% in the first quarter. Presima Inc. now owns 3,964,100 shares of the real estate investment trust’s stock worth $40,156,000 after buying an additional 540,700 shares during the period. Institutional investors own 99.93% of the company’s stock.

Shares of Spirit Realty Capital, Inc. (SRC) traded up 1.89% during trading on Thursday, hitting $8.08. 17,752,870 shares of the stock were exchanged. The stock has a market cap of $3.91 billion, a PE ratio of 42.53 and a beta of 0.54. Spirit Realty Capital, Inc. has a one year low of $6.64 and a one year high of $13.97. The stock’s 50 day moving average price is $7.66 and its 200 day moving average price is $9.11.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $163.19 million for the quarter, compared to analysts’ expectations of $169.84 million. Spirit Realty Capital had a net margin of 13.28% and a return on equity of 2.10%. Equities research analysts predict that Spirit Realty Capital, Inc. will post $0.22 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.91%. Spirit Realty Capital’s dividend payout ratio (DPR) is currently 378.97%.

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A number of equities research analysts recently issued reports on SRC shares. Ladenburg Thalmann Financial Services lowered shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, May 4th. BidaskClub raised shares of Spirit Realty Capital from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Morgan Stanley lowered shares of Spirit Realty Capital from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $11.50 to $8.40 in a research note on Tuesday, May 9th. Sandler O’Neill lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating and lowered their price objective for the company from $13.00 to $9.00 in a research note on Thursday, May 4th. Finally, Mizuho lowered shares of Spirit Realty Capital from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.53.

In other news, insider Jackson Hsieh purchased 13,400 shares of Spirit Realty Capital stock in a transaction dated Monday, June 5th. The stock was purchased at an average cost of $7.45 per share, for a total transaction of $99,830.00. Following the transaction, the insider now directly owns 559,453 shares of the company’s stock, valued at $4,167,924.85. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Phillip D. Joseph, Jr. purchased 6,700 shares of Spirit Realty Capital stock in a transaction dated Friday, June 2nd. The shares were purchased at an average price of $7.47 per share, with a total value of $50,049.00. Following the completion of the transaction, the chief financial officer now directly owns 134,868 shares in the company, valued at $1,007,463.96. The disclosure for this purchase can be found here. Insiders have bought a total of 43,800 shares of company stock valued at $321,378 over the last 90 days. Company insiders own 0.50% of the company’s stock.

About Spirit Realty Capital

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.

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

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