Janus Capital Management LLC decreased its stake in Spirit Realty Capital, Inc. (NYSE:SRC) by 70.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,900 shares of the real estate investment trust’s stock after selling 204,200 shares during the period. Janus Capital Management LLC’s holdings in Spirit Realty Capital were worth $870,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new stake in shares of Spirit Realty Capital during the first quarter valued at approximately $109,000. PNC Financial Services Group Inc. increased its position in Spirit Realty Capital by 24.0% in the first quarter. PNC Financial Services Group Inc. now owns 11,684 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 2,265 shares during the period. Penserra Capital Management LLC increased its position in Spirit Realty Capital by 51.5% in the first quarter. Penserra Capital Management LLC now owns 11,730 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 3,986 shares during the period. Toronto Dominion Bank purchased a new position in Spirit Realty Capital during the first quarter valued at about $141,000. Finally, Investment Centers of America Inc. increased its position in Spirit Realty Capital by 2.6% in the first quarter. Investment Centers of America Inc. now owns 13,850 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 350 shares during the period. Institutional investors own 93.75% of the company’s stock.

Spirit Realty Capital, Inc. (NYSE:SRC) opened at 8.30 on Wednesday. Spirit Realty Capital, Inc. has a 12-month low of $6.64 and a 12-month high of $13.95. The stock has a market cap of $4.02 billion, a PE ratio of 46.11 and a beta of 0.55. The firm has a 50-day moving average price of $7.70 and a 200-day moving average price of $9.09.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $168.65 million for the quarter, compared to analyst estimates of $163.19 million. Spirit Realty Capital had a return on equity of 1.74% and a net margin of 9.47%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. Analysts forecast that Spirit Realty Capital, Inc. will post $0.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $0.18 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.72 annualized dividend and a yield of 8.67%. Spirit Realty Capital’s dividend payout ratio is 514.29%.

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Several research analysts have recently issued reports on SRC shares. J P Morgan Chase & Co downgraded Spirit Realty Capital from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $13.00 to $9.00 in a research note on Thursday, May 4th. Capital One Financial Corporation downgraded shares of Spirit Realty Capital from an “equal weight” rating to an “underweight” rating in a research note on Thursday, May 4th. Ladenburg Thalmann Financial Services downgraded shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, May 4th. Deutsche Bank AG reissued a “buy” rating and issued a $10.00 target price (down previously from $14.00) on shares of Spirit Realty Capital in a research note on Friday, May 5th. Finally, BidaskClub raised shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $11.34.

In other Spirit Realty Capital news, insider Jackson Hsieh acquired 13,700 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were purchased at an average price of $7.27 per share, for a total transaction of $99,599.00. Following the completion of the purchase, the insider now directly owns 546,053 shares of the company’s stock, valued at $3,969,805.31. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Boyd Messmann acquired 10,000 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was acquired at an average price of $7.19 per share, for a total transaction of $71,900.00. Following the purchase, the executive vice president now directly owns 73,656 shares of the company’s stock, valued at $529,586.64. The disclosure for this purchase can be found here. Insiders acquired 43,800 shares of company stock worth $321,378 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Spirit Realty Capital Company Profile

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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