Sterling Capital Management LLC bought a new position in shares of Spirit Realty Capital, Inc (NYSE:SRC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 85,642 shares of the real estate investment trust’s stock, valued at approximately $734,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vivaldi Capital Management LLC purchased a new position in shares of Spirit Realty Capital in the 2nd quarter worth about $111,000. Chicago Equity Partners LLC purchased a new position in shares of Spirit Realty Capital in the 2nd quarter worth about $119,000. Arete Wealth Advisors LLC raised its holdings in shares of 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 worth $123,000 after purchasing an additional 1,838 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of 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 worth $123,000 after purchasing an additional 9,200 shares during the period. Finally, Lincoln National Corp grew its stake in shares of Spirit Realty Capital by 1.3% in the second 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 in the last quarter. Institutional investors own 92.54% of the company’s stock.

A number of equities research analysts have recently issued reports on SRC shares. Mizuho upgraded Spirit Realty Capital from a “neutral” rating to a “buy” rating and increased their target price for the company from $7.50 to $9.00 in a research note on Thursday, August 31st. ValuEngine lowered Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Thursday, October 12th. FBR & Co reiterated a “buy” rating on shares of Spirit Realty Capital in a research note on Friday, October 20th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $11.00 target price on shares of Spirit Realty Capital in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.47.

Shares of Spirit Realty Capital, Inc (NYSE:SRC) opened at $8.58 on Thursday. Spirit Realty Capital, Inc has a 12 month low of $6.64 and a 12 month high of $11.29. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $3,952.63, a P/E ratio of 10.20 and a beta of 0.56.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.72 annualized dividend and a dividend yield of 8.39%. Spirit Realty Capital’s payout ratio is 800.00%.

TRADEMARK VIOLATION NOTICE: “85,642 Shares in Spirit Realty Capital, Inc (SRC) Acquired by Sterling Capital Management LLC” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/12/21/85642-shares-in-spirit-realty-capital-inc-src-acquired-by-sterling-capital-management-llc.html.

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)

Receive News & Ratings for Spirit Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.