BlackRock Advisors LLC raised its stake in Spirit Realty Capital, Inc. (NYSE:SRC) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,549 shares of the real estate investment trust’s stock after buying an additional 4,652 shares during the period. BlackRock Advisors LLC’s holdings in Spirit Realty Capital were worth $3,593,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SRC. Sheaff Brock Investment Advisors LLC increased its stake in Spirit Realty Capital by 1.5% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,373 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 214 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Spirit Realty Capital by 0.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 78,963 shares of the real estate investment trust’s stock valued at $1,053,000 after buying an additional 222 shares in the last quarter. 1st Global Advisors Inc. increased its stake in Spirit Realty Capital by 1.1% in the third quarter. 1st Global Advisors Inc. now owns 38,644 shares of the real estate investment trust’s stock valued at $515,000 after buying an additional 408 shares in the last quarter. Sigma Planning Corp increased its stake in Spirit Realty Capital by 4.8% in the second quarter. Sigma Planning Corp now owns 20,652 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 940 shares in the last quarter. Finally, Utah Retirement Systems increased its stake in Spirit Realty Capital by 1.2% in the third quarter. Utah Retirement Systems now owns 98,900 shares of the real estate investment trust’s stock valued at $1,319,000 after buying an additional 1,200 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

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

Spirit Realty Capital, Inc. (NYSE:SRC) traded down 0.227% during trading on Friday, reaching $10.995. 1,999,185 shares of the company were exchanged. Spirit Realty Capital, Inc. has a 1-year low of $8.90 and a 1-year high of $13.97. The company’s 50-day moving average price is $10.78 and its 200-day moving average price is $12.24. The stock has a market capitalization of $5.32 billion, a P/E ratio of 49.305 and a beta of 0.53.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be paid a $0.18 dividend. This is a boost from Spirit Realty Capital’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date is Wednesday, December 28th. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 288.00%.

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Several research firms have weighed in on SRC. Mizuho downgraded shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $10.50 price target for the company. in a research note on Friday, December 16th. Zacks Investment Research downgraded shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. FBR & Co began coverage on shares of Spirit Realty Capital in a research note on Wednesday, January 4th. They set an “outperform” rating and a $13.00 price objective for the company. J P Morgan Chase & Co began coverage on shares of Spirit Realty Capital in a research note on Friday, December 16th. They set an “overweight” rating and a $13.00 price objective for the company. Finally, Robert W. Baird raised shares of Spirit Realty Capital from a “neutral” rating to an “outperform” rating and set a $13.00 price objective for the company in a research note on Monday, November 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $13.60.

In other Spirit Realty Capital news, CEO Thomas H. Nolan, Jr. sold 15,000 shares of Spirit Realty Capital stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $10.44, for a total value of $156,600.00. Following the completion of the transaction, the chief executive officer now directly owns 843,186 shares of the company’s stock, valued at approximately $8,802,861.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jackson Hsieh acquired 9,500 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was acquired at an average cost of $10.62 per share, with a total value of $100,890.00. Following the completion of the purchase, the insider now directly owns 430,970 shares in the company, valued at $4,576,901.40. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by company insiders.

About Spirit Realty Capital

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.

5 Day Chart for NYSE:SRC

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