State of Wisconsin Investment Board increased its holdings in Spirit Realty Capital, Inc. (NYSE:SRC) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 96,460 shares of the real estate investment trust’s stock after acquiring an additional 780 shares during the quarter. State of Wisconsin Investment Board’s holdings in Spirit Realty Capital were worth $715,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. World Asset Management Inc raised its stake in Spirit Realty Capital by 0.4% during the second quarter. World Asset Management Inc now owns 24,245 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 108 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Spirit Realty Capital by 0.5% during the first quarter. Cornerstone Wealth Management LLC now owns 22,501 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 120 shares in the last quarter. Investment Centers of America Inc. raised its stake in Spirit Realty Capital by 2.6% during 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 in the last quarter. 1st Global Advisors Inc. raised its stake in Spirit Realty Capital by 1.1% during the first quarter. 1st Global Advisors Inc. now owns 38,296 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 411 shares in the last quarter. Finally, Telos Capital Management Inc. raised its stake in Spirit Realty Capital by 1.0% during the second quarter. Telos Capital Management Inc. now owns 49,633 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Several analysts have issued reports on SRC shares. Zacks Investment Research cut Spirit Realty Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 17th. ValuEngine cut Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Spirit Realty Capital from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Mizuho upgraded Spirit Realty Capital from an “underperform” rating to a “neutral” rating and set a $7.50 price objective on the stock in a research note on Monday, July 10th. Finally, Royal Bank Of Canada upped their price objective on Spirit Realty Capital from $8.00 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $9.92.

Spirit Realty Capital, Inc. (NYSE:SRC) opened at 8.64 on Friday. Spirit Realty Capital, Inc. has a one year low of $6.64 and a one year high of $13.86. The company has a 50-day moving average price of $8.33 and a 200-day moving average price of $8.71. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 65.45 and a beta of 0.53.

Spirit Realty Capital (NYSE:SRC) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Spirit Realty Capital had a net margin of 9.47% and a return on equity of 1.74%. The company had revenue of $168.65 million during the quarter, compared to analysts’ expectations of $163.19 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. Spirit Realty Capital’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Spirit Realty Capital, Inc. will post $0.21 EPS for the current year.

Spirit Realty Capital declared that its board has initiated a share repurchase plan on Monday, August 14th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 6.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

In other news, CFO Phillip D. Joseph, Jr. bought 3,636 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $8.25 per share, for a total transaction of $29,997.00. Following the completion of the purchase, the chief financial officer now owns 138,504 shares of the company’s stock, valued at approximately $1,142,658. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Todd A. Dunn bought 14,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $8.49 per share, with a total value of $118,860.00. Following the purchase, the director now directly owns 64,560 shares of the company’s stock, valued at approximately $548,114.40. The disclosure for this purchase can be found here. Insiders bought 24,697 shares of company stock valued at $207,130 in the last quarter. 0.50% of the stock is currently owned by corporate insiders.

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Spirit Realty Capital 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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