Advisory Services Network LLC cut its position in shares of Spirit Realty Capital Inc (NYSE:SRC) by 64.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,140 shares of the real estate investment trust’s stock after selling 2,065 shares during the quarter. Advisory Services Network LLC’s holdings in Spirit Realty Capital were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HRT Financial LLC bought a new position in Spirit Realty Capital during the fourth quarter valued at approximately $403,000. Millennium Management LLC bought a new stake in shares of Spirit Realty Capital in the 4th quarter valued at approximately $12,477,000. Voloridge Investment Management LLC bought a new stake in shares of Spirit Realty Capital in the 4th quarter valued at approximately $1,034,000. Gideon Capital Advisors Inc. bought a new stake in shares of Spirit Realty Capital in the 4th quarter valued at approximately $394,000. Finally, Flinton Capital Management LLC bought a new stake in shares of Spirit Realty Capital in the 4th quarter valued at approximately $482,000. Institutional investors own 91.15% of the company’s stock.

NYSE:SRC opened at $40.69 on Thursday. The company has a market capitalization of $3.45 billion, a PE ratio of 10.76 and a beta of 0.53. Spirit Realty Capital Inc has a 1 year low of $33.86 and a 1 year high of $44.20. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.51 and a quick ratio of 0.51.

Spirit Realty Capital (NYSE:SRC) last posted its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Spirit Realty Capital had a return on equity of 5.16% and a net margin of 26.05%. The business had revenue of $129.48 million during the quarter, compared to analyst estimates of $107.01 million. During the same period last year, the company earned $1.06 EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. Research analysts expect that Spirit Realty Capital Inc will post 3.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 6.14%. This is an increase from Spirit Realty Capital’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, March 28th. Spirit Realty Capital’s dividend payout ratio is presently 66.14%.

SRC has been the subject of several analyst reports. Zacks Investment Research raised Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Friday, December 14th. ValuEngine raised Spirit Realty Capital from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 13th. Finally, Mizuho raised Spirit Realty Capital to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, January 23rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.38.

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About Spirit Realty Capital

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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