Boothbay Fund Management LLC lifted its holdings in Spirit Realty Capital, Inc (NYSE:SRC) by 88.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,873 shares of the real estate investment trust’s stock after buying an additional 24,373 shares during the period. Boothbay Fund Management LLC’s holdings in Spirit Realty Capital were worth $445,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SRC. Vivaldi Capital Management LLC purchased a new position in shares of Spirit Realty Capital during the 2nd quarter worth about $111,000. Chicago Equity Partners LLC purchased a new stake in Spirit Realty Capital in the 2nd quarter valued at about $119,000. Harvest Fund Management Co. Ltd boosted its position in Spirit Realty Capital by 123.3% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 16,662 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 9,200 shares during the period. Arete Wealth Advisors LLC boosted its position in Spirit Realty Capital by 12.5% in the 2nd quarter. Arete Wealth Advisors LLC now owns 16,583 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 1,838 shares during the period. Finally, Lincoln National Corp boosted its position in Spirit Realty Capital by 1.3% in the 2nd quarter. Lincoln National Corp now owns 18,259 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Shares of Spirit Realty Capital, Inc (NYSE:SRC) traded up $0.09 during midday trading on Monday, reaching $8.45. 2,059,300 shares of the company were exchanged, compared to its average volume of 10,051,021. Spirit Realty Capital, Inc has a 12-month low of $6.64 and a 12-month high of $11.29. The stock has a market capitalization of $3,852.33, a P/E ratio of 9.94 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 has initiated a stock buyback plan on Monday, August 14th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Several equities research analysts have issued reports on SRC shares. Mizuho raised shares of Spirit Realty Capital from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $7.50 to $9.00 in a research report on Thursday, August 31st. ValuEngine lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Deutsche Bank restated a “buy” rating and issued a $11.00 price target on shares of Spirit Realty Capital in a report on Friday, October 20th. Robert W. Baird lowered shares of Spirit Realty Capital from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $9.00 in a report on Friday, November 10th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Spirit Realty Capital in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $9.47.

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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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