Fmr LLC bought a new position in Spirit MTA REIT (NYSE:SMTA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,866,562 shares of the company’s stock, valued at approximately $39,825,000. Fmr LLC owned approximately 8.99% of Spirit MTA REIT at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC bought a new stake in shares of Spirit MTA REIT in the 2nd quarter worth approximately $105,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Spirit MTA REIT in the 2nd quarter worth approximately $117,000. Eii Capital Management Inc. bought a new stake in shares of Spirit MTA REIT in the 2nd quarter worth approximately $118,000. Cornerstone Wealth Management LLC bought a new stake in shares of Spirit MTA REIT in the 2nd quarter worth approximately $1,152,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Spirit MTA REIT in the 2nd quarter worth approximately $124,000. Institutional investors and hedge funds own 88.93% of the company’s stock.

NYSE SMTA opened at $11.30 on Friday. The company has a debt-to-equity ratio of 9.88, a current ratio of 5.04 and a quick ratio of 5.04. Spirit MTA REIT has a 12 month low of $8.90 and a 12 month high of $11.35.

The firm also recently announced a special dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, September 27th.

Spirit MTA REIT Profile

Spirit MTA REIT owns investments in a portfolio of primarily single-tenant properties in the United States. It has a portfolio of approximately 901 properties. The company would elect to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.

Further Reading: Hedge Funds Explained

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Institutional Ownership by Quarter for Spirit MTA REIT (NYSE:SMTA)

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