BNP Paribas Arbitrage SA lowered its position in shares of Spirit Realty Capital, Inc. (NYSE:SRC) by 90.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,183 shares of the real estate investment trust’s stock after selling 1,716,097 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Spirit Realty Capital were worth $1,518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its stake in Spirit Realty Capital by 104.6% during the second quarter. Canada Pension Plan Investment Board now owns 165,900 shares of the real estate investment trust’s stock valued at $1,229,000 after buying an additional 84,800 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Spirit Realty Capital by 49.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 591,951 shares of the real estate investment trust’s stock valued at $4,386,000 after buying an additional 196,710 shares in the last quarter. Lasalle Investment Management Securities LLC raised its stake in Spirit Realty Capital by 52.2% during the second quarter. Lasalle Investment Management Securities LLC now owns 22,481,416 shares of the real estate investment trust’s stock valued at $166,587,000 after buying an additional 7,707,615 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Spirit Realty Capital by 9.3% during the second quarter. Legal & General Group Plc now owns 1,386,221 shares of the real estate investment trust’s stock valued at $10,272,000 after purchasing an additional 118,073 shares during the last quarter. Finally, First Allied Advisory Services Inc. grew its holdings in shares of Spirit Realty Capital by 77.0% during the second quarter. First Allied Advisory Services Inc. now owns 63,452 shares of the real estate investment trust’s stock valued at $470,000 after purchasing an additional 27,594 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Several research firms have recently commented on SRC. B. Riley reaffirmed a “buy” rating on shares of Spirit Realty Capital in a report on Friday, November 3rd. Zacks Investment Research lowered Spirit Realty Capital from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Royal Bank Of Canada upped their target price on Spirit Realty Capital from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, August 4th. BidaskClub raised Spirit Realty Capital from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Spirit Realty Capital in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.47.

Shares of Spirit Realty Capital, Inc. (SRC) traded down $0.05 during mid-day trading on Monday, reaching $8.51. The company had a trading volume of 1,204,000 shares, compared to its average volume of 10,273,792. Spirit Realty Capital, Inc. has a 1-year low of $6.64 and a 1-year high of $11.29. The company has a market cap of $3,879.68, a price-to-earnings ratio of 10.01 and a beta of 0.56. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.59 and a quick ratio of 0.59.

Spirit Realty Capital declared that its Board of Directors has initiated a share repurchase program on Monday, August 14th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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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.

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

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