Pensionfund Sabic increased its position in shares of Spirit Realty Capital, Inc (NYSE:SRC) by 47.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,000 shares of the real estate investment trust’s stock after purchasing an additional 18,000 shares during the quarter. Pensionfund Sabic’s holdings in Spirit Realty Capital were worth $480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SRC. Schwab Charles Investment Management Inc. lifted its position in Spirit Realty Capital by 15.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,800,567 shares of the real estate investment trust’s stock worth $13,343,000 after purchasing an additional 246,170 shares during the period. State of Wisconsin Investment Board lifted its position in Spirit Realty Capital by 0.8% during the second quarter. State of Wisconsin Investment Board now owns 96,460 shares of the real estate investment trust’s stock worth $715,000 after purchasing an additional 780 shares during the period. Legal & General Group Plc lifted its position in 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 worth $10,272,000 after purchasing an additional 118,073 shares during the period. State Board of Administration of Florida Retirement System lifted its position 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 worth $4,386,000 after purchasing an additional 196,710 shares during the period. Finally, Utah Retirement Systems lifted its position in Spirit Realty Capital by 4.3% during the second quarter. Utah Retirement Systems now owns 108,505 shares of the real estate investment trust’s stock worth $804,000 after purchasing an additional 4,505 shares during the period. 92.54% of the stock is owned by institutional investors and hedge funds.

Spirit Realty Capital, Inc (SRC) traded up $0.01 during trading on Tuesday, hitting $8.58. The stock had a trading volume of 3,525,700 shares, compared to its average volume of 9,823,542. Spirit Realty Capital, Inc has a one year low of $6.64 and a one year high of $11.29. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $3,911.60, a P/E ratio of 95.33 and a beta of 0.57.

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

Several research firms recently weighed in on SRC. B. Riley set a $9.00 price objective on shares of Spirit Realty Capital and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Robert W. Baird cut shares of Spirit Realty Capital from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $10.00 to $9.00 in a research report on Friday, November 10th. ValuEngine downgraded Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Sunday. Mizuho reissued a “buy” rating and set a $9.50 target price on shares of Spirit Realty Capital in a research note on Thursday, December 21st. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Spirit Realty Capital in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.51.

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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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