Guggenheim Capital LLC trimmed its stake in Spirit Realty Capital Inc (NYSE:SRC) by 11.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,343 shares of the real estate investment trust’s stock after selling 19,510 shares during the period. Guggenheim Capital LLC owned about 0.15% of Spirit Realty Capital worth $4,115,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC boosted its stake in shares of Spirit Realty Capital by 17.2% in the 4th quarter. Rafferty Asset Management LLC now owns 18,683 shares of the real estate investment trust’s stock valued at $919,000 after purchasing an additional 2,736 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Spirit Realty Capital by 33.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,463 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 5,872 shares during the last quarter. Arbor Wealth Management LLC boosted its position in Spirit Realty Capital by 8.1% in the fourth quarter. Arbor Wealth Management LLC now owns 188,157 shares of the real estate investment trust’s stock valued at $9,254,000 after buying an additional 14,124 shares in the last quarter. State Street Corp grew its stake in Spirit Realty Capital by 16.5% during the first quarter. State Street Corp now owns 3,808,765 shares of the real estate investment trust’s stock worth $101,874,000 after buying an additional 540,585 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Spirit Realty Capital by 35.4% during the first quarter. M&T Bank Corp now owns 9,260 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 2,421 shares in the last quarter. Hedge funds and other institutional investors own 94.11% of the company’s stock.

Shares of NYSE SRC opened at $34.38 on Tuesday. Spirit Realty Capital Inc has a 1 year low of $18.37 and a 1 year high of $54.63. The firm’s 50-day moving average is $32.21 and its 200-day moving average is $39.30. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $3.54 billion, a PE ratio of 28.65 and a beta of 1.08.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.93). Spirit Realty Capital had a net margin of 22.00% and a return on equity of 3.75%. The business had revenue of $121.36 million during the quarter, compared to analyst estimates of $122.40 million. During the same quarter in the prior year, the company earned $0.86 earnings per share. As a group, equities research analysts anticipate that Spirit Realty Capital Inc will post 2.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date is Monday, June 29th. Spirit Realty Capital’s dividend payout ratio (DPR) is currently 74.85%.

A number of research firms recently commented on SRC. Mizuho increased their price target on Spirit Realty Capital from $30.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. ValuEngine upgraded Spirit Realty Capital from a “strong sell” rating to a “sell” rating in a report on Thursday, April 2nd. Berenberg Bank initiated coverage on Spirit Realty Capital in a research note on Tuesday. They issued a “buy” rating for the company. Morgan Stanley downgraded shares of Spirit Realty Capital from an “overweight” rating to an “equal weight” rating and set a $31.00 price target on the stock. in a research report on Monday, May 4th. Finally, Deutsche Bank lowered their price objective on shares of Spirit Realty Capital from $56.00 to $41.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Spirit Realty Capital presently has an average rating of “Hold” and a consensus target price of $45.33.

In other news, EVP Jay Young bought 2,500 shares of the stock in a transaction on Wednesday, April 15th. The stock was purchased at an average price of $25.99 per share, with a total value of $64,975.00. Following the completion of the purchase, the executive vice president now owns 27,746 shares of the company’s stock, valued at $721,118.54. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jackson Hsieh bought 10,200 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was purchased at an average price of $29.31 per share, for a total transaction of $298,962.00. Following the completion of the acquisition, the chief executive officer now owns 255,843 shares of the company’s stock, valued at approximately $7,498,758.33. The disclosure for this purchase can be found here.

Spirit Realty Capital Profile

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial, office and data center properties.

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

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